Loan Comparison Calculator
| Loan 1 | Loan 2 | |
|---|---|---|
| Monthly Payment | $1,060.66 | $988.86 |
| Total Payments | $127,278.44 | $118,662.99 |
| Total Interest | $27,278.44 | $18,662.99 |
| Pay-off Date | Mar 2035 | Mar 2035 |
Amortization Schedules
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| 2025 | $5,893.48 | $3,652.46 | $9,545.94 | $94,106.52 |
| 2026 | $8,209.01 | $4,518.91 | $12,727.92 | $85,897.51 |
| 2027 | $8,629.00 | $4,098.92 | $12,727.92 | $77,268.51 |
| 2028 | $9,070.50 | $3,657.42 | $12,727.92 | $68,198.01 |
| 2029 | $9,534.55 | $3,193.37 | $12,727.92 | $58,663.46 |
| 2030 | $10,022.37 | $2,705.55 | $12,727.92 | $48,641.09 |
| 2031 | $10,535.11 | $2,192.81 | $12,727.92 | $38,105.98 |
| 2032 | $11,074.13 | $1,653.79 | $12,727.92 | $27,031.85 |
| 2033 | $11,640.71 | $1,087.21 | $12,727.92 | $15,391.14 |
| 2034 | $12,236.25 | $491.67 | $12,727.92 | $3,154.89 |
| 2035 | $3,154.89 | $26.33 | $3,181.22 | $0.00 |
| Totals | $100,000.00 | $27,278.44 | $127,278.44 |
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| 2025 | $6,348.44 | $2,551.30 | $8,899.74 | $93,651.56 |
| 2026 | $8,727.65 | $3,138.67 | $11,866.32 | $84,923.91 |
| 2027 | $9,038.07 | $2,828.25 | $11,866.32 | $75,885.84 |
| 2028 | $9,359.50 | $2,506.82 | $11,866.32 | $66,526.34 |
| 2029 | $9,692.39 | $2,173.93 | $11,866.32 | $56,833.95 |
| 2030 | $10,037.12 | $1,829.20 | $11,866.32 | $46,796.83 |
| 2031 | $10,394.12 | $1,472.20 | $11,866.32 | $36,402.71 |
| 2032 | $10,763.81 | $1,102.51 | $11,866.32 | $25,638.90 |
| 2033 | $11,146.65 | $719.67 | $11,866.32 | $14,492.25 |
| 2034 | $11,543.10 | $323.22 | $11,866.32 | $2,949.15 |
| 2035 | $2,949.15 | $17.22 | $2,966.37 | $0.00 |
| Totals | $100,000.00 | $18,662.99 | $118,662.99 |