LIFE’S CHECKLISTS · FREE WORKSHEET
Loan offer comparison
Compare written terms for the same amount and repayment period.
First read the completed example. Then write your own answers in the blank sections. If you do not know an answer, write what you need to ask. Official applications may require their own forms.
Completed example
This is a fictional practice entry. Write your own details in the blank sections below.
- Term
- APR
- Offer A
- Fictional offer A: 9% fixed
- Offer B
- Fictional offer B: 11% fixed
- Question
- Both examples: ask which fees are included; compare equal amounts and terms
Date: ____________________
Amount borrowed
Offer A
Offer B
Question
APR
Offer A
Offer B
Question
Fixed or variable
Offer A
Offer B
Question
Loan term
Offer A
Offer B
Question
Monthly payment
Offer A
Offer B
Question
Upfront fees
Offer A
Offer B
Question
Total of payments
Offer A
Offer B
Question
Late / other fees
Offer A
Offer B
Question
Collateral / co-signer
Offer A
Offer B
Question
Early payoff terms
Offer A
Offer B
Question
Notes: