Question 1

What should I compare besides the monthly payment?

Accepted Answer

The monthly payment alone can be misleading — a lower payment often comes from a longer tenure, which usually means more total interest over the life of the loan. This tool shows both side by side so a lower payment on one offer doesn’t hide a much higher total cost.

Question 2

Can I compare a 15-year loan against a 30-year loan?

Accepted Answer

Yes — each column has its own independent amount, rate, and tenure, so you can compare completely different loan structures, not just different rates on the same term.

Question 3

Does this account for fees or points paid upfront?

Accepted Answer

No — like the main EMI calculator, this compares principal and interest only. If one offer includes origination fees or discount points, add their cost to that loan’s effective total when deciding, since APR (which folds fees in) is usually the more reliable number to compare, not the headline rate alone.

Question 4

Can I share a comparison with someone else?

Accepted Answer

"Share result" copies a link with both loans’ numbers encoded in the URL, so sending it shows the other person the exact same comparison without them re-entering anything.

Loan Comparison Calculator

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