Loan Scenario Comparison (USD)
| Metric |
| Regular Payment | $0.00 | $0.00 |
| Total # of Payments | 0 | 0 |
| Total Principal Paid | $0.00 | $0.00 |
| Total Interest Paid | $0.00 | $0.00 |
| Total Amount Repaid | $0.00 | $0.00 |
| Loan Payoff Date | N/A | N/A |
Difference Summary (Scenario 2 vs. Scenario 1)
Difference in Regular Payment: $0.00
Difference in Total Interest Paid: $0.00
Difference in Loan Payoff Time: N/A
Shorter loan terms typically result in higher regular payments but significantly less total interest paid. Longer terms offer lower payments but accrue more total interest. Lower interest rates reduce both payments and total interest for a given term. This tool helps visualize these trade-offs.
