Up to 3 Offers · Side-by-Side · Total Cost Winner
| Factor | Why It Matters |
|---|---|
| APR (not just rate) | Includes fees — true cost of borrowing |
| Origination fees | 1-6% upfront cost, reduces actual loan received |
| Prepayment penalty | Some lenders charge for paying off early |
| Fixed vs Variable rate | Variable can increase, fixed stays the same |
| Loan term | Shorter term = more monthly, less total interest |
| Monthly payment | Must fit your budget — don't stretch too thin |
| Type | Typical APR | Best For |
|---|---|---|
| Personal Loan | 6-36% | Debt consolidation, large purchases |
| Auto Loan | 4-12% | Vehicle purchase |
| Mortgage | 5-8% | Home purchase |
| Student Loan (Federal) | 5-8% | Education |
| Credit Card | 18-30% | Short-term (pay in full monthly) |
| HELOC | 7-12% | Home equity borrowing |