CalcKit
Decision reportDecision summary
Loan Comparison Calculator
Loan B has the lower estimated total cost by $15,322 under the current assumptions.
Decision index
Loan B
Better loan recommendation
Key figures
Monthly repayment difference
$69Total interest difference
$17,322Total cost difference
$15,322Break-even point
2 years 6 monthsFindings snapshot
What deserves attention first
These signals are the strongest points to review before relying on the result.
Fee differences are large enough to affect the recommendation.
Extra repayments shorten both loans and can reduce the value of small rate differences.
Loan B is the stronger offer under the current inputs.
Status mix
Metric health
Green is healthier, yellow needs monitoring, and red needs action.
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Decision reportMetric dashboard
Relative strength of the main numbers
These bars compare the largest numeric signals in this report. Each value keeps its own unit, so use the chart as a visual guide rather than a like-for-like financial comparison.
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Decision reportMetric notes
What each result means
Each row explains the result in practical language and highlights whether it is healthy, worth watching, or needs action.
Monthly repayment difference
$69HealthyPositive means Loan A costs more per month; negative means Loan B costs more. This is the regular amount that needs to fit inside the budget. Against the other key figures in this report, it is marked healthy.
Total interest difference
$17,322HealthyPositive means Loan A pays more interest; negative means Loan B pays more. This shows the longer-term cost, not just the monthly or short-term impact. Against the other key figures in this report, it is marked healthy.
Total cost difference
$15,322HealthyPositive means Loan A costs more overall; negative means Loan B costs more. This shows the longer-term cost, not just the monthly or short-term impact. Against the other key figures in this report, it is marked healthy.
Break-even point
2 years 6 monthsWatchApproximate time for monthly savings to offset the upfront fee difference. This shows when the upfront cost or tradeoff starts to pay off. Against the other key figures in this report, it is marked watch.
Loan A total cost
$826,727ActionRepayments plus fees for Loan A. This shows the longer-term cost, not just the monthly or short-term impact. Against the other key figures in this report, it is marked action.
Loan B total cost
$811,405HealthyRepayments plus fees for Loan B. This shows the longer-term cost, not just the monthly or short-term impact. It is marked healthy based on the entered assumptions.
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Decision reportFindings
Plain-English interpretation
These findings translate the numbers into decision points.
Fee differences are large enough to affect the recommendation.
Extra repayments shorten both loans and can reduce the value of small rate differences.
Loan B is the stronger offer under the current inputs.
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Decision reportAction plan
What to do next
Recommended actions are based on the strongest signals in the result. Use them to decide what to check, change, or confirm.
Action 1
Validate the cost tradeoff
- What it means
- Fee differences are large enough to affect the recommendation. Read this together with Monthly repayment difference ($69) to see what is driving the result.
- Why it matters
- Positive means Loan A costs more per month; negative means Loan B costs more. This is the regular amount that needs to fit inside the budget.
- Next step
- Check one more conservative scenario, confirm the real figures, then decide whether to proceed, adjust the amount, or pause.
- Metric evidence
- Monthly repayment difference: $69; Total interest difference: $17,322; Total cost difference: $15,322
Action 2
Review decision signal 2
- What it means
- Extra repayments shorten both loans and can reduce the value of small rate differences. Read this together with Total interest difference ($17,322) to see what is driving the result.
- Why it matters
- Positive means Loan A pays more interest; negative means Loan B pays more. This shows the longer-term cost, not just the monthly or short-term impact.
- Next step
- Check one more conservative scenario, confirm the real figures, then decide whether to proceed, adjust the amount, or pause.
- Metric evidence
- Monthly repayment difference: $69; Total interest difference: $17,322; Total cost difference: $15,322
Action 3
Review decision signal 3
- What it means
- Loan B is the stronger offer under the current inputs. Read this together with Total cost difference ($15,322) to see what is driving the result.
- Why it matters
- Positive means Loan A costs more overall; negative means Loan B costs more. This shows the longer-term cost, not just the monthly or short-term impact.
- Next step
- Check one more conservative scenario, confirm the real figures, then decide whether to proceed, adjust the amount, or pause.
- Metric evidence
- Monthly repayment difference: $69; Total interest difference: $17,322; Total cost difference: $15,322
CalcKit
Decision reportScenario inputs
Values used in the calculation
These inputs are the basis of the report. If any value changes, regenerate the report before relying on the result.
Loan A amount
Amount borrowed for Loan A.$450,000Loan A rate
Annual rate for Loan A.6.10%Loan A fees
Upfront or establishment fees for Loan A.$1,200Loan A term
Loan A term in years.25 yearsLoan B amount
Amount borrowed for Loan B.$450,000Loan B rate
Annual rate for Loan B.5.85%Loan B fees
Upfront or establishment fees for Loan B.$3,200Loan B term
Loan B term in years.25 yearsInclude upfront fees
Choose whether upfront fees should be included in the recommendation.YesOptional extra repayment
Extra monthly repayment applied to both loans.$150Assumptions
How to read the result
- Both loans are modelled as amortising loans with monthly repayments.
- Fees are added to total cost, not financed into the loan balance.
- Extra repayments are applied equally to both loans for a fair comparison.
Professional note
Before acting
This report is a decision-support summary based on the assumptions entered. It is not financial, tax, lending, or legal advice. Confirm product terms, fees, tax treatment, and policy settings before making a financial commitment.
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Decision reportTerms explained
Key terms used in this report
These definitions explain finance terms and strategies that appear in the result.
Break-even
The point where savings have recovered the upfront cost of a decision. Before break-even, the decision has not yet paid for itself.