Two loan offers
Enter both offers to compare
🔵 Loan Offer A
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🟢 Loan Offer B
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Compare two loan offers
Enter both offers side by side. See which one costs less in total — monthly payment is only part of the story.
Loan comparison questions, answered
Should I always pick the lowest monthly payment?
No. A lower monthly payment often means a longer term, which means paying significantly more total interest. Always compare total cost, not just the monthly payment.
What is APR and why does it matter for comparison?
APR (Annual Percentage Rate) includes the interest rate plus all lender fees. It's the most accurate number for comparing loan offers apples-to-apples.
How does an origination fee affect my total cost?
An origination fee is charged upfront and reduces the money you actually receive. If you borrow $20,000 with a 3% fee, you receive $19,400 but repay $20,000 plus interest — making your true cost higher than the rate suggests.
What else should I compare besides rate and total cost?
Also compare: prepayment penalties (can you pay early without penalty?), variable vs. fixed rate, lender reputation, and whether the rate is locked or can change before closing.
Is a shorter or longer loan term better?
Shorter = lower total cost but higher monthly payment. Longer = lower monthly payment but much more interest. The right answer depends on your cash flow.