Side-by-Side 3-Loan Comparison Tool
Compare 3 loan options or prepayment strategies simultaneously to find the lowest total cost and fastest debt-free date.
Scenario A: Standard
Monthly EMI
$0
Total Interest
$0
Total Cost
$0
Scenario B: Extra EMI
Total Monthly Outflow
$0
Total Interest (Saved)
$0
Payoff Timeline
0 yrs
Scenario C: 15-Yr Term
Monthly EMI
$0
Total Interest
$0
Payoff Timeline
15.0 yrs
Frequently Asked Questions
How does a 15-year loan compare to a 30-year loan with prepayments?
A 15-year mortgage comes with a higher mandatory EMI and usually a slightly lower interest rate (by 0.5%–0.75%). A 30-year mortgage with voluntary extra prepayments gives you the flexibility to pay like a 15-year loan when times are good, but fall back to the lower mandatory EMI if cashflow tightens.