Comparateur de Prêts

Compare two loan options side by side.

Loan A

Loan B

Monthly Payment A
1 580,17 $US
Monthly Payment B
2 042,71 $US
Total Interest A
318 861,22 $US
Total Savings
201 173,67 $US

Principal vs Interest

Interest Comparison

MetricLoan ALoan BDifference
Monthly Payment A1 580,17 $US2 042,71 $US462,54 $US
Total Paid A568 861,22 $US367 687,55 $US201 173,67 $US
Total Interest A318 861,22 $US117 687,55 $US201 173,67 $US

Loan Comparison: Complete Guide

Why Compare Loans

Small rate differences can save thousands. A 0.5% difference on $300K saves over $30K in interest.

Short vs Long Term

Shorter terms have higher payments but much less total interest. A 15-year mortgage saves tens of thousands vs 30-year.

Fixed vs Variable Rates

Fixed rates offer predictable payments. Variable rates may start lower but carry risk of increases.

Practical Example

30-Year vs 15-Year $250K Mortgage

Loan A: 6.5% for 30yr. Monthly: $1,580. Total interest: $318,861.

Loan B: 5.5% for 15yr. Monthly: $2,043. Total interest: $117,726. Savings: $201,135.

Questions Fréquentes

Shorter or longer term?

Choose the shortest term you can afford. Shorter terms save significant interest.

How much does 1% rate difference matter?

On a $300K 30-year mortgage, 1% means approximately $60,000 more or less in total interest.

What fees to include?

Include origination fees, closing costs, appraisal fees, and prepayment penalties.

Is lower payment always better?

No. Lower payments often mean more total interest. Evaluate both monthly and total cost.

Can I pay off early?

Most loans allow early payoff but some have prepayment penalties. Check your terms.

Estimations. Consultez un conseiller.

📚 Références

  1. Consumer Financial Protection Bureau - Loan Comparison (consumerfinance.gov)
  2. Federal Reserve - Mortgage Shopping (federalreserve.gov)