Loan Comparison Calculator

Compare two mortgage offers side by side. Rates alone can mislead — this tool includes fees to reveal the genuinely cheaper total cost.

Loan amount

Option A

Interest rate

Term

years

Fees

Monthly payment: $2,022.62
Total cost: $730,142.36

Option B

Interest rate

Term

years

Fees

Monthly payment: $1,939.18
Total cost: $703,605.99

Result

Option B is cheaper

Saving $26,536.37 over the full term.

How it works

Enter the loan amount you need.
Enter the rate, term, and fees for each offer.
Compare monthly payments and total cost across the full term.

Frequently asked questions

Why include fees in the comparison?

A lower rate paired with high arrangement fees can cost more overall than a slightly higher rate with low fees, especially on shorter terms.

Related guides

How to Compare Two Mortgage Offers Fairly — A Buyer's Side-by-Side Framework
APR, fees, points and prepayment rules make mortgage offer letters hard to compare. Use this side-by-side framework — with worked examples for the US, UK, Canada, Australia and UAE — to pick the truly cheaper loan.

Disclaimer: This calculator provides estimates for informational purposes only and is not financial, tax, or legal advice. Verify figures with a qualified professional before making decisions.