iInvestor: Calculators/Homeloans/How two loans measure up

This versatile calculator will tell you what your loan actually costs on the basis of total financing cost -- the only true measure of what your loan costs. Besides the interest rate on the loan, total financing cost considers the loan processing fee, the method of calculation of interest (annual rests or monthly rests), and the number of years over which you intend to repay. A loan amortisation schedule (what portion of your monthly instalment goes toward repaying the original loan amount) is also included.