Auto Loan Interest Rate Comparison Tool
Enter the overall loan amount and the terms for two different loan offers.
$
Offer 1
Offer 2
Loan Comparison Results
Please ensure all inputs are valid on the 'Loan Details' tab.
"; return; } if (alc_resultsTabButtonEl) alc_resultsTabButtonEl.disabled = false; const offer1 = alc_calculateLoanDetails(loanAmount, rate1, term1); const offer2 = alc_calculateLoanDetails(loanAmount, rate2, term2); const formatCurrency = (value) => { return `$${value.toFixed(2).replace(/\d(?=(\d{3})+\.)/g, '$&,')}`; }; let resultsHTML = `Loan Amount: ${formatCurrency(loanAmount)}
| Metric | Offer 1 | Offer 2 |
|---|---|---|
| Annual Interest Rate | ${rate1.toFixed(2)}% | ${rate2.toFixed(2)}% |
| Loan Term (Months) | ${term1} | ${term2} |
| Monthly Payment | ${formatCurrency(offer1.monthlyPayment)} | ${formatCurrency(offer2.monthlyPayment)} |
| Total Interest Paid | ${formatCurrency(offer1.totalInterest)} | ${formatCurrency(offer2.totalInterest)} |
| Total Loan Cost | ${formatCurrency(offer1.totalCost)} | ${formatCurrency(offer2.totalCost)} |
