Loan offers get compared on the advertised rate alone, hiding what fees and term length actually do to the cost.
Calculating the real monthly payment and total cost, fees included, shows you which offer actually costs less, not just which has the lowest advertised rate.
Backed by a 30-day money-back guarantee. If it is not useful, we will refund it, no questions asked.
A lower rate with a high origination fee, or a longer term, can end up costing more overall, but that's not obvious from the rate alone without doing the full math on each offer.
List each loan offer with its amount, APR, term, and origination fee. The sheet calculates each offer's real monthly payment using an actual amortization formula (PMT), then adds the origination fee to get a true total cost you can compare side by side.
We built this after noticing loan shopping usually stops at comparing rates. Total cost, including fees, is the number that actually determines what an offer costs you.
— DaveWays
Calculated with an actual amortization formula (PMT) for each offer.
Origination fees are added to the total cost, so a lower rate with a high fee doesn't quietly win.
List as many offers as you're considering and compare total cost directly.
Does it recommend a specific lender?
No, you enter your own offers' terms; it doesn't recommend lenders.
Does it work for SBA loans?
Yes, enter the amount, rate, term, and any fees for any loan type, including SBA loans.
How many offers can I compare?
List as many offers as you're considering; each gets its own row with its own calculation.
Want more tools like this? Browse every Business tool.
Small Business Loan Comparison Worksheet (Free Preview) — download a condensed version free, no purchase required, to see if it's a fit before you buy.
Small Business Loan Comparison Worksheet is $14.99 USD, one-time payment, instant delivery, no subscription. Covered by our 30-day money-back guarantee. See our refund policy and terms.
