Financial Product Comparison Calculator
Compare interest rates, fees, and total costs for loans, credit cards, and investments. Make informed financial decisions.
Step 1: Product 1 Details
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Comparison Tips
Compare total cost of ownership including interest, fees, and any penalties. Consider both short-term and long-term financial impacts.
Step 2: Product 2 Details
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Key Factors
Look beyond interest rates. Consider annual fees, penalty charges, flexibility, customer service, and any promotional rates.
Financial Product Comparison
Summary
Cost Breakdown
Payment Timeline
Total Savings with Product 2
$852.50
Over 5-year term
Product 1 Total Cost
$12,150.00
Product 2 Total Cost
$11,297.50
Monthly Payment (Prod 1)
$202.50
Monthly Payment (Prod 2)
$188.29
Detailed Cost Breakdown
| Cost Component | Product 1 | Product 2 | Difference |
|---|
Payment Timeline Comparison
Comparison Formula
Total Cost = Principal + Total Interest + Total Fees
Monthly Payment = [P × r(1+r)^n] ÷ [(1+r)^n – 1] where P=principal, r=monthly rate, n=total payments
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