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.

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