Commercial Loan Comparison Calculator

In addition to the calculated monthly payments, annual percentage rate (APR) offers a good apples-to-apples comparison between loans. APR takes into account the varying discount points, closing costs and fees that are typically added into the loan amount and financed over the term of the loan. If the fees are paid "out-of-pocket" then the APR will be the same as the stated interest rate. Use this calculator to help determine the best loan option for you.

	Loan 1	Loan 2	Loan 3
Original loan amount ($)
Term (in years)
Annual interest rate

	Loan 1 (0% to 5%)	Loan 2 (0% to 5%)	Loan 3 (0% to 5%)
Discount points
Origination fee
Lender fees (processing/underwriting) ($)
Title insurance ($)
Other fees and costs ($)

What is a Loan Comparison Calculator?

A loan comparison calculator is an online tool that allows you to easily evaluate multiple loan offers side-by-side by entering key details like the loan amount, interest rate, fees and term. The calculator displays the costs, payments and annual percentage rate (APR) for each loan in an easy-to-compare format.

Having all the loans visually lined up in one spot makes it simple to determine which lender offers the best rates and overall deal. You can quickly see if one option has much higher fees or monthly payments than another. Rather than trying to compare loans manually on paper, this online calculator does all the math for you.

How to Use Loan Comparison Calculator

Using an online loan comparison calculator is quite straightforward.

First, you’ll want to have some initial loan quotes from lenders. These should include:
- Loan amount
- Interest rate
- Number of months/years
- Any fees
You simply enter each of those details from a loan option into the calculator.
Repeat that process for each additional loan quote you have.

How to Interpret the Results

When examining the output of a loan comparison calculator, start by looking at:

Total origination fees
- Loans with excessive upfront costs are less favourable
Monthly payment amounts
- Lower is usually better as long as the interest rates are relatively similar
Total interest paid over the full term
- Lower totals equate to more interest savings
Annual Percentage Rate (APR)
- Helps compare the true cost of borrowing by including fees

Use those key data points - fees, monthly payments and total interest costs - to guide your loan decision. The loan option that minimizes those three factors is generally the best choice. If one loan has a slightly higher monthly cost but much lower fees or total interest, that can be the better pick. Review all the metrics and terms to make the right loan choice.

Need Help Making Smarter Financial Decisions?

Our Business Calculators are here to guide you:

Mortgage Calculator - See the impact of a business loan amount, rate and term on your costs.
Refinance Break Even Calculator - Analyze when you'll recoup closing costs if you refinance.

Why this Marketplace was Created

Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.