Tools
Which offer is actually cheaper.
Rate, term, and fees pull in different directions, and the offer with the smaller monthly figure is often the more expensive one. Type in both and let the arithmetic settle it.
Cheaper over its life
Offer B
by $13,728 in total cost (interest + fees)
$3,150 / $40,517
A: monthly / total cost
$4,911 / $26,789
B: monthly / total cost
$1,761
Monthly difference
total cost, drawn to the same scale — shorter is cheaper
A lower monthly repayment is not a lower cost: a longer term trades a smaller payment for more months of interest. The total-cost line is the honest one, and it is the number nobody prints in large type.
Arithmetic on the two offers you typed in, nothing more. Not a quote, not a market comparison, not a recommendation of any lender or product, and not advice — your accountant knows your position. General information only.
The three levers, honestly stated
The monthly repayment is the number everyone leads with, because it is the number that can be made small. Stretch the term and any rate looks affordable — while the total interest quietly grows with every added month. Upfront fees hide at the other end: a "lower rate" with heavy establishment costs can lose to a plainer offer once they are counted. Total cost over the life of the facility is the only line on which two offers can be compared honestly, so that is the line this page prints in large type.