How to use this calculator
- Enter common loan principal, loan a nominal annual rate (%), loan a months, loan a upfront fees, loan b nominal annual rate (%), loan b months, loan b upfront fees.
- Choose a display currency, then select Calculate. Results also update after a brief pause while you edit.
- Read the result with the assumptions below. Export details or save a second scenario to compare your choices.
Formula and method
Assumptions and limitations
Fees are paid upfront, not financed. Different terms are compared in nominal cash, without discounting, insurance or taxes.
Worked example
At 0%, loan A repays 12,000 over 24 months at 500 plus a 100 fee. Loan B uses 36 payments plus a 200 fee, costing 100 more overall.
What the result means
Compare payments and lifetime cash costs without confusing a lower installment with a cheaper loan.
Common questions
How is the calculation performed?
Compute equal-payment schedules for the same principal. Total cash cost = sum of loan payments + upfront cash fees.
What does the model leave out?
Fees are paid upfront, not financed. Different terms are compared in nominal cash, without discounting, insurance or taxes.
Methodology and transparency
Calculation specification reviewed on 2026-10-14. Mathematical implementation is tested against independent reference fixtures. This does not imply review by a licensed financial professional. Read the testing and precision policy.