Fixed-rate loan offer comparison.
Compare payments, upfront cash fees, borrowing costs and remaining debt at a chosen month.
UNDERSTAND THE ESTIMATE
How to use this planner
Use the same borrowed principal for both offers. Enter each nominal annual rate, term and upfront cash fee, then choose a common month for comparison.
The calculation
Each offer uses fixed monthly amortization. Cost through the comparison month is interest paid plus the separate upfront fee. Remaining principal is shown separately from cash already paid. Full-term totals are separate snapshots, not amounts to add to the chosen-month results.
Same borrowed principal, fixed nominal rates, monthly amortization and separate cash fees. No APR, financed fees, prepayment quotes, variable rates, taxes or insurance. Estimates are not financial advice.
CFPB guide to comparing loan offers ↗ILLUSTRATIVE EXAMPLE
Follow the numbers
Borrow 1,200 at 0% in both offers. A has 12 payments and a separate fee of 60; B has six payments and no fee. Monthly payments are 100 and 200. After six payments, remaining debt is 600 and zero; interest plus fees is 60 and zero.
Does the lower monthly payment mean the cheaper loan?
Not necessarily. Compare term, fees, interest and remaining debt. Fees are paid from separate cash, not financed. APR, insurance, prepayment quotes and variable rates are excluded.