Online Tool Store
Business Loan Payback Comparison
Enter multiple business loan offers to compare their monthly payment and total interest cost side by side. Runs entirely in your browser.
🔒 This tool runs entirely in your browser. Your files are never uploaded to a server.
Example
Business Loan Payback Comparison
Sample: 2 loan offers, $50,000
Example shown — replace it with your own loan offers.
Result
How it works
- Enter each loan offer's rate and term.
- Enter the loan amount.
- Compare monthly payment and total interest across offers.
The method
Standard amortization is used to calculate monthly payment and total interest for each offer, letting you compare the full cost, not just the monthly number.
FAQ
Why compare total interest instead of just the monthly payment?
A lower monthly payment often means a longer term, which can mean paying more total interest overall — comparing both numbers together avoids picking the offer that looks cheaper month-to-month but costs more in the end.
Does this account for origination fees?
This compares rate, term, and resulting interest cost; add any origination or closing fees separately when comparing the true total cost of each offer.
Can I compare more than two loan offers?
Yes — add as many offers as you're evaluating to compare them side by side.
How we compare
| Feature | Online Tool Store | Lender-provided payment estimate | Manual spreadsheet amortization |
|---|---|---|---|
| No software install | Yes | Yes | No |
| Quick to start | Yes | Fast but siloed | Setup required |
| Free to use | Yes | Free | Often paid |
For comparing multiple offers side by side instead of checking each lender's estimate separately, this puts everything in one view.