# Loan Comparison Calculator

Use our Loan Comparison Calculator to help you determine the financing and payment options that are best for you.

Our Loan Comparison Calculator will create a table for the desired information. In order for the Calculator to calculate your table, you must first enter the loan terms, payment frequency, and interest rates. Then decide on a calculation: do you need to find out what the overall cost of the loan with interest will be, or do you need to know what the payment for a specified loan amount will be?

**Term of Loan**

Enter the number of months or years to borrow.

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**Payment Frequency**

Select how often you wish to make payments below:

**Interest Rates**

Various interest rates will be displayed in the left column. Select the beginning and ending interest rates for the Loan Comparison Calculator to use, along with the increments by which the rate will increase in the table. Enter percentage without percentage sign, e.g. 1.0, 4.0, .5

Low Interest Rate | |

High Interest Rate | |

Rate Increments |

**Total Loan Cost**

You can have the Loan Calculator calculate the amount to borrow in the various columns. Select the starting and ending payment amounts that you can afford.

The Loan Comparison Calculator will calculate the total borrowed amount, principal and interest, using the entered payment information. Enter the lowest and highest payment amounts that you can afford, then click the *Calculate* key.

Low Payment Amount | |

High Payment Amount | |

**OR...**

**Payment Amount**

If you know how much and at what interest rate you want to borrow, and would like to know what your payments will be, then use this utility. Enter what your lowest and highest total amount to borrow may be, then click the *Calculate* key.

Low Amount to Borrow | |

High Amount to Borrow | |

Note: The Loan Comparison Calculator is intended to provide approximate information about your loan payments and does not constitute an offer to extend credit. Your actual payment information may vary. Please contact the financial institution for exact payment information.