Loan Comparison Wizard

Use our Loan Comparison Wizard to help you determine the financing and payment options that are best for you.

Our Loan Comparison Wizard will create a table for the desired information. In order for the Wizard to calculate your table, you must first enter the loan terms, payment frequency, and interest rates. Then decide on a calculation: do you need to find out what the overall cost of the loan with interest will be, or do you need to know what the payment for a specified loan amount will be?

Term of Loan
Enter the number of months or years to borrow.

Term of Loan: Months Years

Payment Frequency
Enter how frequent you want your payments to be.

Monthly Semi-monthly Weekly Bi-weekly

Interest Rates
Various interest rates will be displayed in the left column. Select the beginning and ending interest rates for the Loan Comparison Wizard to use, along with the increments by which the rate will increase in the table. Enter percentage without percentage sign, e.g. 1.0, 4.0, .5

Low Interest Rate
High Interest Rate
Rate Increments

You can have the Loan Calculator calculate the amount to borrow in the various columns. Select the starting and ending payment amounts that you can afford.

Total Loan Cost
The Loan Comparison Wizard will calculate the total borrowed amount, principal and interest, using the entered payment information. Enter the lowest and highest payment amounts that you can afford, then click the Submit key.

Low Payment Amount
High Payment Amount

OR...

Payment Amount
If you know how much and at what interest rate you want to borrow, and would like to know what your payments will be, then use this utility. Enter what your lowest and highest total amount to borrow may be, then click the Submit key.

Low Amount to Borrow
High Amount to Borrow

 

Note: The Loan Comparison Wizard is intended to provide approximate information about your loan payments and does not constitute an offer to extend credit. Your actual payment information may vary. Please contact the Credit Union for exact payment information.

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