Loan Comparison
Tool
Compare up to three loan scenarios side-by-side. Model different rates, terms, extra payments, and payment frequencies — then see exactly which option saves you the most money over the life of the loan.
This tool provides a hypothetical illustration for informational and educational purposes only. Results are based solely on the inputs you provide and assume a fixed interest rate for the full loan term. This calculator does not account for lender-specific payment allocation rules, origination fees, closing costs, escrow, taxes, insurance, prepayment penalties, promotional rate terms, or other factors that may materially affect actual loan costs.
Bi-weekly and weekly payment savings assume the lender applies payments immediately and calculates interest on the reduced balance. Actual lender practices vary. Extra payment projections assume payments are applied directly to principal.
For student loans: refinancing federal loans to private lenders removes federal protections. Confirm your loan types at studentaid.gov before refinancing.
Advisory services and securities offered through Lincoln Investment, Registered Investment Adviser, Broker-Dealer, Member FINRA / SIPC. lincolninvestment.com