Loan Comparison Calculator
Paste in up to 3 loan offers — amount, rate, term, and origination fee — and see monthly payment, total interest, true total cost, and effective APR side by side. A winner badge and savings callout tell you exactly which deal to take.
Side-by-Side Comparison
Total Cost Comparison
Best Deal
Loan 2 has the lowest total cost at $28,875, saving you $1,371 vs the most expensive option. Its effective APR is 7.25% after accounting for origination fees.
How Effective APR is Calculated
Effective APR accounts for origination fees by treating the net disbursement (loan amount minus fees) as the actual cash received, then solving for the internal rate of return over the payment schedule. This gives a true apples-to-apples comparison — a 0% fee loan at 7.25% can beat a 5.9% loan with a 2% origination fee depending on the term.
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