What this calculator tells you
The Loan Comparison Calculator helps translate amount, APR, term, payment, or debt inputs into a planning estimate. Use the output to compare scenarios, not as a lender quote.
Limitations
Calculator results do not include every lender fee, state rule, underwriting condition, payment timing variation, optional product, or final disclosure. Actual terms come only from the lender or partner reviewing a request.
Compare next
| If the result shows | Compare next |
|---|---|
| Payment looks high | Try a smaller amount, lower APR assumption, or longer term while checking total cost. |
| Total interest looks high | Compare a shorter term or extra-payment strategy. |
| Debt ratio looks tight | Review affordability before adding another payment. |
| Two offers look close | Compare APR, fees, net proceeds, due date, and total repayment. |
Quick answer: Compare two hypothetical personal-loan offers by principal, annual note interest rate, term, and a withheld origination fee. Use the note rate in the model and compare the lender-disclosed APR separately. The calculator estimates scheduled payments, net cash received and payments minus net cash. It does not calculate a legally disclosed APR or predict an available offer.
Published: October 1, 2026 | Updated: October 29, 2026 | Editorial attribution: Borrow Your Loan Editorial Team
| Metric | Offer A | Offer B |
|---|
Crawlable example comparison
Hypothetical educational example - not an actual offer. Offer B has a lower estimated payment because it uses a longer term, but the longer term creates a higher scheduled repayment in this example. The offers supply unequal net cash and use different terms, so this is a tradeoff illustration, not a like-for-like winner.
| Metric | Offer A | Offer B |
|---|---|---|
| Loan amount | $10,000.00 | $10,000.00 |
| Annual note interest rate | 18% | 20% |
| Term | 36 months | 60 months |
| Estimated origination fee | $300.00 | $0.00 |
| Estimated net proceeds | $9,700.00 | $10,000.00 |
| Estimated monthly payment | $361.52 | $264.94 |
| Estimated total interest | $3,014.86 | $5,896.33 |
| Scheduled total payments | $13,014.86 | $15,896.33 |
| Payments minus net cash received | $3,314.86 | $5,896.33 |
How to compare personal loan offers
Compare the lender-disclosed APR alongside this model’s note rate, payment, term, withheld fee, net proceeds and scheduled repayment. A lower monthly payment is not automatically cheaper if the term is longer or fees are higher.
Methodology
Payments use principal, the annual note interest rate and equal monthly periods. The proportional fee is withheld from principal at funding, so net proceeds equal principal minus the fee. Scheduled payments already repay that principal; the withheld fee is not added again. Payments minus net proceeds measure modeled borrowing cost. Displayed results round to cents independently; actual lender rounding, timing and fees can differ. Compare the disclosed APR separately. This is educational and does not replace lender disclosures.