Loan Comparison Calculator

In addition to the calculated monthly payments, annual percentage rate (APR) offers a good apples-to-apples comparison between loans. APR takes into account the varying discount points, closing costs and fees that are typically added into the loan amount and financed over the term of the loan. If the fees are paid "out-of-pocket" then the APR will be the same as the stated interest rate. Use this calculator to help determine the best loan option for you.
Loan Assumptions
Loan 1Loan 2Loan 3
Original loan amount ($)
Term (in years)
Annual interest rate
Traditional Closing Costs
Loan 1Loan 2Loan 3
Discount points
Origination fee
Lender fees (processing/underwriting) ($)
Title insurance ($)
Other fees and costs ($)
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that the company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

These calculators are for information, education, and entertainment purposes only. It is your responsibility to evaluate the merits and risks associated with relying on any information provided.

By entering this section of the Commerce Bank web site, you acknowledge your understanding and acceptance of the terms of its use.

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