Compare two repayment periods for the same amount and interest rate. See the monthly fit and the whole cost together.
What the numbers include
Fixed-rate, fully amortizing loans with equal monthly payments. The first payment is one month after borrowing. No fees, insurance, taxes, prepayments or balloon balance. The interest rate is divided by 12. Totals use unrounded payments; a lender’s final payment can differ slightly because of rounding.
This compares cost, not eligibility or which loan is right for you. Starting numbers are fictional examples, not current offers.