RateBalance

teBalance puts every loan offer you are weighing on the same scale, so the real cost — not the headline rate — decides which one wins. Bank quotes are hard to compare because each one hides its true cost behind a different amount, term and interest rate. RateBalance turns every offer into the numbers that actually matter: monthly payment, total repayment, total interest and effective annual rate. The cheapest option becomes obvious at a glance. COMPARE OFFERS SIDE BY SIDE • Add unlimited loan offers — name, amount, term, interest rate and any extra conditions. • See the true cost of each one, calculated with a standard amortization formula. • The offer with the lowest total interest is highlighted automatically. • Include or exclude individual offers to run "what if" scenarios, with clear charts. • Sort and filter the list to zero in on the best deal. REFINANCE CHECK • Enter the loan you are paying right now — balance, payments left, current rate and any switching fee. • RateBalance ranks your saved offers by how much you would actually save after fees. • See the monthly change, the total saving, and how long it takes for a switching fee to pay itself back. • If nothing beats your current loan, the app says so plainly instead of pushing you to switch. PAYMENT SCHEDULE • Open any offer and see it payment by payment: how much clears the debt, how much goes to interest, and what is left to pay. • The turning point is marked — the month from which more of every payment goes to the debt than to interest. EARLY PAYOFF PLANNER • Drag a slider to add an extra amount to every monthly payment. • Instantly see how many months you would cut and how much interest you would save. • The planner runs the full amortization schedule, so the savings are real, not a rough estimate. Nothing is saved — experiment freely. AFFORDABILITY CHECK • Enter your monthly income and see how each offer's payment weighs against it, so you spot a loan that would strain your budget before you sign. KEEP THE PAPERWORK WITH THE OFFER • Attach a photo of the contract — snap one with the camera or pick it from your gallery — so the original terms are one tap away. • Optional reminders for a payment date or a stale quote. Reminders only fire for a date you set — never an automatic or promotional notification. PRIVATE BY DESIGN • Works fully offline. No account, no sign-up, no ads, no tracking. • Everything you enter stays on your device. Nothing is uploaded or shared. • A light and a dark theme, and a profile you can keep or leave empty. Whether you are weighing a mortgage, a car loan, a personal loan or a refinance, RateBalance gives you a clear, honest, side-by-side view so you can borrow with confidence. Note: RateBalance is an independent calculator and comparison tool. It does not offer credit, is not affiliated with any bank or lender, and all figures are estimates for informational purposes only.