Fixed-rate loan comparison calculator

No account or contact details are required. Enter your own assumptions; results are educational estimates.

What this tool estimates

This comparison covers principal and interest across each loan's full term. It does not include upfront fees, insurance, points, or the balance at an earlier sale date. Use the note interest rate for payment math, even when considering APR separately. Comparing different terms can lower the payment while increasing total interest.

Illustrative example

On a $300,000 balance, a 30-year loan at 6.00% is about $1,798.65 a month; a 15-year loan at the same illustrative rate is about $2,531.57. The shorter term requires more cash each month but repays the balance faster. These are not lender offers.

Use the result with your loan documents

• Refinance fees and break-even
• Closing-cost examples
• Compare quote costs with insurance and remaining balance

Educational estimates are not loan offers or approval decisions. Ratespedia LLC, company NMLS #2796610. Check service availability and licensing.