The loan comparison calculator allows you to easily compare 2 loans and see which one will cost less over the whole period of the loan. The calculator can take into account a number of variables. In addition to loan amount, interest rate and period you can also take into account the introductory interest rate, initial (application) fees as well as regular (ongoing) fees. Taking all these things into account, you can get a more accurate picture of the overall cost of a loan.

When we borrow a sum of money over a number of years, we can end up paying back the original amount twice over or even several times over. Over the life of the loan, small differences in rates and fees could add up to thousands of dollars. Therefore, when comparing 2 or more loan products, we need to compare interest rates and fees such as the initial or application fees as well as any ongoing fees. The tool also calculates the overall cost of 2 loans and calculates the relative savings.

This simple to use tool makes comparing loans easy. Here are some key

Features:
-100% free to use and share with friends.
-All features are enabled. This is not a trail version.
-Easy to install and very easy to use.
-Takes into account application fees, monthly fees as well as rates.
-Compare the overall cost of 2 loans and calculates the relative savings.

The loan comparison calculator is easy to install and use. Just download the files extract them then install the tool on to your pc. Once installed, click on the icon in your start menu to launch.