Loan Comparison Calculator

Savings Calculator | "What If" Calculator
Loan Calculator | Loan Comparison Calculator
Mortgage Payment Calculator

Car dealers sell a lot of loans these days, but your members could usually save money by getting their loan through the Credit Union. Offer your members this calculator, and allow them to do side-by-side comparisons to find out who really offers them the best deal!

Click on the field name if you have questions about what to enter in a field. When entering dollar amounts, do not use commas. 

Select Frequency of Payments:

Term of loan (in Years):

Lowest anticipated APR*:  

APR increment amount:

Lowest anticipated amount:

Increment amount:

     

Press the Compute button, then look at the table below to see your comparison results.
$ Amounts >  
APRs v          
 
 
 
 
 
 
 
 
 


These payments are estimates only. Please contact your Credit Union for complete details on your next loan.

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Lowest anticipated APR
Enter the lowest Annual Percentage Rate you've been quoted. Note that you cannot enter a "0" in this field. In the case of a 0% financing offer, enter ".00001" in this field instead. [Back]

APR increment amount
You can see loan comparisons based on a maximum of nine different APR rates. If you're only comparing two APR rates (e.g., the dealer's rate and the credit union's), enter the second rate here. If you wish to compare different loan or payment amounts using the same APR, enter "0" in this field. (APR is Annual Percentage Rate.) [Back]

Lowest anticipated Payment/Loan Amount
Use the drop-down box to indicate whether you wish to base your comparisons on Payment Amount (e.g., if comparing monthly payment amounts) or Loan Amount (e.g., if comparing a car dealer's low-APR and cash-back offers) . In the second field, enter the starting Payment Amount for your comparisons or the lowest Loan Amount you've been quoted. [Back]

Increment amount
You can see loan comparisons for up to six different amounts. If you're only comparing two amounts (e.g., a car amount with and without a cash-back rebate), enter the second amount here. If you wish to compare different APR rates using the same payment or loan amount, enter "0" in this field. (APR is Annual Percentage Rate.) [Back]

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Alonzi Technical Consulting
10417 Sumter Avenue S.
Bloomington, MN 55438
Phone: (952) 829-0819
Fax: (952) 829-5429