Loan Comparison Calculator
Compare up to 3 loans side-by-side to find the best option for your needs.
Enter Loan Details
| Loan Details | Loan 1 | Loan 2 | Loan 3 |
|---|---|---|---|
| Loan Amount | $ | $ | $ |
| Interest Rate (%) | % | % | % |
| Loan Term (Years) | |||
| Application Fee | $ | $ | $ |
| Monthly Fee | $ | $ | $ |
Comparison Results
| Results | Loan 1 (Best Option) | Loan 2 | Loan 3 |
|---|---|---|---|
| Monthly Repayment | $0.00 | $0.00 | $0.00 |
| Total Repayment | $0 | $0 | $0 |
| Total Interest | $0 | $0 | $0 |
| Total Fees | $0 | $0 | $0 |
Cost Comparison
Loan 1 (Best Option)
Principal$500,000
Interest$0
Fees$0
Total Cost:$0
Loan 2
Principal$500,000
Interest$0
Fees$0
Total Cost:$0
Loan 3
Principal$500,000
Interest$0
Fees$0
Total Cost:$0
Understanding Loan Comparison
When comparing loans, it's important to consider all costs involved, not just the interest rate. This calculator helps you compare loans based on:
- Monthly Repayment: The amount you'll pay each month, including principal, interest, and any monthly fees.
- Total Repayment: The total amount you'll pay over the life of the loan, including the principal, interest, and all fees.
- Total Interest: The total amount of interest you'll pay over the life of the loan.
- Total Fees: The sum of all fees, including the application fee and ongoing monthly fees over the loan term.
The "best" loan option is typically the one with the lowest total repayment amount, but you should also consider:
- Whether you can comfortably afford the monthly repayments
- The flexibility of the loan (e.g., ability to make extra repayments)
- Other features that might be important to you (e.g., offset accounts, redraw facilities)
For personalized advice on selecting the right loan for your specific situation, please contact our mortgage specialists.