Loan Comparison Calculator
If you are considering a second loan or refinancing your current business debt, we can help! Our loan comparison calculator helps you understand the cost of the capital and estimate your payment. Fill in the information below to get started.
How it works
Enter Your Loan Details
Fill in your current loan, second loan, or refinancing details, including amount, term, and payment frequency.
Compare Loan Terms
Instantly see total repayment, interest costs, and payment amounts for each option.
Make an Informed Decision
Adjust details to find the best financial plan, then click “Apply Now” to explore loan solutions.
Document
Loan Comparison Calculator
1st Loan Terms
Total repayment
$0.00
Total interest
$0.00
Remaining payments
0.00
Interest paid to date
$0.00
Interest remaining
$0.00
2nd Loan Terms
Total repayment
$0.00
Total interest
$0.00
Remaining payments
0.00
Interest paid to date
$0.00
Interest remaining
$0.00
Total Combined Weekly Payment
$0.00
Total Interest to be Paid
$0.00
Refinance Terms
Total repayment
$0.00
Total interest
$0.00
Remaining payments
$0.00
Interest paid to dat
$0.00
Interest remaining
$0.00
Weekly Payment
$0.00
Total Interest to be Paid
$0.00
Loan Comparison Calculator
1st Loan Terms
2nd Loan Terms
Refinance Terms
Have a question?
What is the Loan Comparison Calculator used for?
This tool helps you compare different loan options, including new loans and refinancing, so you can choose the best financial strategy for your business.
How do I use the Loan Comparison Calculator?
Simply enter details for your existing loan, a potential second loan, or a refinance option. The calculator will show total repayment, interest costs, and payment amounts.
What’s the difference between taking a second loan and refinancing?
- Second Loan: You take out an additional loan while still paying off the first one.
- Refinancing: You replace your existing loan with a new one, usually at a lower interest rate or better terms.
How accurate are the results?
The calculator provides estimates based on the numbers you input. Your actual loan terms may vary depending on lender policies, credit history, and other factors.
Can I compare different loan payment frequencies?
Yes, you can select different payment frequencies (monthly, weekly, etc.) to see how they impact your total repayment and interest costs.
Does this calculator account for prepayment penalties?
No, this tool does not factor in potential penalties for early repayment. Check with your lender for specific terms regarding prepayment.
How can I apply for a new loan or refinancing option?
Click the “Apply Now” button on this page to explore loan options tailored to your business needs.