Loan Comparison
Enter the loan amount and terms for both options.
Mortgage
Personal Loan
Cheaper option
Mortgage saves $0
Total cost comparison
Mortgage monthly
$0
Personal loan monthly
$0
Mortgage total cost
$0
Personal loan total cost
$0
Mortgage total interest
$0
Personal loan total interest
$0
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Loan amount ($) | $50,000 |
| Interest rate (%) | 6.5% |
| Interest rate (%) | 10% |
| Result | Value |
|---|---|
| Cheaper option | Personal loan saves $52,531 |
| Mortgage monthly | $316 |
| Personal loan monthly | $1,062 |
| Mortgage total cost | $116,772 |
| Personal loan total cost | $64,241 |
| Mortgage total interest | $63,772 |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Loan Comparison
- Loan amount ($) — default $50,000
- Interest rate (%) — default 6.5%
- Interest rate (%) — default 10%
- Press Calculate to update the results instantly.