FreeByte

Loan comparison calculator

Two offers side by side.

Built and reviewed by Dovanic, Founder and editor, FreeByteLast reviewed: 2026-08-18
$
6.9%
8.4%

Cheaper overall

Loan B

You save

$1,514

With these inputs, cheaper overall comes to Loan B over 5 years. You save works out to $1,514. The result assumes rate a stays at 6.9%.

Loan A payment
$592.62
Loan B payment
$945.64
Total A / total B
$35,557 / $34,043

Over time · by term a (years)

Solve for an input

Whatmakesequal

Compare scenarios

Save this set of inputs, change something, then save again to compare the outcomes side by side.

Two offers side by side.

A worked example

Starting figures

Amount
$30,000
Rate A
6.9%
Term A (years)
5
Rate B
8.4%
Term B (years)
3

What it returns

Cheaper overall
Loan B
You save
$1,514
Loan A payment
$592.62
Loan B payment
$945.64
Total A / total B
$35,557 / $34,043

How to read the results

With the defaults above, cheaper overall works out at Loan B.

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