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Loan Comparison

Determining which loan provides you with the best value is more than simply comparing monthly payments. Use this calculator to sort through the monthly payments, fees and other costs associated with getting a new loan. By comparing these important variables side by side, this calculator can help you pick the loan that works best for you.


Loan Amount
The total amount for this loan.

Interest Rate
The interest rate on this loan.

Loan Term
The number of years over which you will repay this loan. The most common terms are 15 years and 25 years.

Any fees that should be included in the APR calculation. These fees can vary by lender, but at a minimum usually includes prepaid interest.

Loan Payment
Principal and interest payment (PI).

Equivalent Monthly Payment
The sum of periodic payments.

Annual Percentage Rate (APR)
A standard calculation used by lenders. It is designed to help borrowers compare different loan options. For example, a loan with a lower stated interest rate may be a bad value if its fees are too high. Likewise, a loan with a higher stated rate with very low fees could be an exceptional value. APR calculations incorporate these fees into a single rate. You can then compare loans with different fees, rates or different terms.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

** Nelson & District Credit Union nor its subsidiaries guarantee the accuracy of financial calculators provided on the zippitydodog web site. Calculations of said calculators do not in any way constitute an offer of products or rates on behalf of Nelson & District Credit Union or its subsidiaries. Java Runtime Environment (JRE) is a trademark or registered trademark of Sun Microsystems, Inc. in the United States and other countries. Nelson & District Credit Union is independent of Sun Microsystems, Inc.

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