FinAid | Calculators | Loan Payment Chart Generator (Rates vs Fees)

Loan Payment Chart Generator (Rates vs Fees)

This Loan Payment Chart Calculator generates charts that may be used to compare loans at various interest rates, fees, and loan terms. The calculator can generate charts that compare monthly payments, total payments, and total interest paid over the lifetime of the loan. It can generate either absolute dollar amounts or a relative comparison with a standard ten year term (i.e., showing the percentage or dollar amount of change).

Loan fees are used to adjust the initial loan balance so that the borrower nets the same amount after the fees are deducted.

Loan terms used in the charge include standard 10-year repayment as well as 12, 15, 20, 25 and 30 year terms. The range of interest rates and fees, however, can be customized. The chart generator assumes standard level payment loan amortization. The minimum monthly payment defaults to $0.