--- title: "Loan Comparison Calculator | Numequo" description: "Compare two fixed-rate loans by monthly payment, fees, insurance and total cost. Includes the formula and practical examples." canonical: "https://www.numequo.com/finance/loans/loan-comparison-calculator/" locale: "en" --- [Numequo](https://www.numequo.com/) › [Finance](https://www.numequo.com/finance/) › [Loans and credit](https://www.numequo.com/finance/loans/) # Loan Comparison Calculator Enter two loan offers with the same amount and term to see which one costs less overall. ## Input data - **Amount borrowed** - type: number; default: 200000; min: 0.01; max: 1000000000; step: 100 - **Term (years)** - type: number; default: 20; min: 1; max: 100; step: 1 - **Offer A rate (%)** - type: number; default: 3.4; min: 0; max: 100; step: 0.01 - **Offer A upfront fees** - type: number; default: 1500; min: 0; max: 10000000; step: 1 - **Offer A monthly insurance** - type: number; default: 35; min: 0; max: 100000; step: 0.01 - **Offer B rate (%)** - type: number; default: 3.25; min: 0; max: 100; step: 0.01 - **Offer B upfront fees** - type: number; default: 3500; min: 0; max: 10000000; step: 1 - **Offer B monthly insurance** - type: number; default: 45; min: 0; max: 100000; step: 0.01 - **Currency** - type: choice; default: EUR; options: Euro (€), US dollar ($), Pound sterling (£), Canadian dollar (C$), Swiss franc (CHF) ## How it works Each payment uses the standard amortized-loan formula. Total cost adds interest, upfront fees and monthly insurance over the full term. ## Quick examples - **€200k: 3.4% vs 3.25%** - Amount borrowed: 200000, Term (years): 20, Offer A rate (%): 3.4, Offer A upfront fees: 1500, Offer A monthly insurance: 35, Offer B rate (%): 3.25, Offer B upfront fees: 3500, Offer B monthly insurance: 45, Currency: EUR - **$30k car loan** - Amount borrowed: 30000, Term (years): 5, Offer A rate (%): 5.9, Offer A upfront fees: 300, Offer A monthly insurance: 0, Offer B rate (%): 5.5, Offer B upfront fees: 900, Offer B monthly insurance: 0, Currency: USD - **Same rate, different fees** - Amount borrowed: 150000, Term (years): 15, Offer A rate (%): 4, Offer A upfront fees: 1000, Offer A monthly insurance: 25, Offer B rate (%): 4, Offer B upfront fees: 2500, Offer B monthly insurance: 20, Currency: EUR ## Understanding your result The lowest rate is not always the cheapest offer. Compare the all-in monthly payment and total cost, then check the lender’s official APR and contract conditions. Last verified: 29 September 2026 (2026-09-29) ## Frequently asked questions ### How does this calculator compare two loans? It calculates each base payment, then adds upfront fees and monthly insurance to compare the total estimated borrowing cost. ### Is the loan with the lowest interest rate always cheaper? No. Higher fees or insurance can outweigh a small rate advantage, especially on shorter loans. ### Does the result equal the official APR or TAEG? No. This is a cash-cost comparison, not a regulatory APR calculation. Use each lender’s official disclosure for the contractual APR or TAEG. ### Can I compare offers with different terms? This page uses one common term so the comparison remains like for like. Test another duration separately to compare repayment strategies. ## Related calculators - [Loan Calculator](https://www.numequo.com/finance/loans/loan-calculator/) - Estimate monthly payments and total loan cost. - [Debt-to-Income Ratio Calculator](https://www.numequo.com/finance/loans/debt-to-income-ratio-calculator/) - Calculate your household debt-to-income ratio, total monthly debt payments and remaining income after debt. - [Mortgage Refinancing Calculator](https://www.numequo.com/finance/loans/mortgage-refinancing-calculator/) - Compare your current mortgage with a refinancing offer, including interest, insurance and fees, to estimate net savings. - [Early Loan Repayment Calculator](https://www.numequo.com/finance/loans/early-loan-repayment-calculator/) - Estimate the time and interest saved with a lump sum or additional monthly payments. - [Compound Interest Calculator](https://www.numequo.com/finance/savings-investing/compound-interest-calculator/) - See how savings may grow with monthly compounding. - [VAT Calculator](https://www.numequo.com/finance/taxes-pricing/vat-calculator/) - Add VAT to a net price or extract it from a gross price. ## Structured data ```json { "@context": "https://schema.org", "@graph": [ { "@type": "WebPage", "@id": "https://www.numequo.com/finance/loans/loan-comparison-calculator/#page", "name": "Loan Comparison Calculator | Numequo", "description": "Compare two fixed-rate loans by monthly payment, fees, insurance and total cost. 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Use each lender’s official disclosure for the contractual APR or TAEG." } }, { "@type": "Question", "name": "Can I compare offers with different terms?", "acceptedAnswer": { "@type": "Answer", "text": "This page uses one common term so the comparison remains like for like. Test another duration separately to compare repayment strategies." } } ] } ] } ```