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Loan-comparison-calculator



The loan comparison calculator is an extremely useful widget with very good features. The widget has space for the details for four loans. The input required are the loan amount, rate of interest for the loan number of points or percentage points, number of installments or number of payments. These inputs should be given for each of the loan amounts.
On specifying these, the widget calculates the payment amount, total interest to be paid, cost of the percentage points and the grand total of the amount to be paid for each of the four loans. The advantage of this comparison tool is that the input of any of the input can be varied at anytime and the corresponding output is obtained right away, which can be easily compared to the other values alongside it.
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