MyCalx

Four Loan Comparison Calculator

Use this calculator to make a net cost, side-by-side comparison of up to 4 different loan options.

Marginal Tax Bracket to Use =

Loan Options

Option 1

Option 2

Option 3

Option 4

Loan Amount

Interest Rate

Discount Points

Loan Term in Years

Principal and Interest Payments

Payment difference vs. Option 1

Total Interest Paid

Total Principal and Interest Payments Made

Cost of Points Paid

Total Principal Paid

Tax Deduction on Interest Paid

Tax Deduction on Points Paid

Total Net Loan Cost

The graph shows the total cost of the payments and any points paid less principal and any tax deductions.

Payments + points - principal - tax benefits = net cost

Number of years for loan comparison

Total Net Cost Difference vs. Option 1:

This loan comparison calculator can be used in many ways. The primary benefit is to compare various loan options side by side so you can see clearly the payment, principal and cost differentials not only as they appear on the surface but, also over the specific time period that you expect to own your home or have your loan before sale or refinance. If you have any questions or would like to go through this together, please reach out.