Compare Mortgage Loans

Side-by-side comparison of up to 4 mortgage scenarios. Adjust terms to find the best option.

2 loans being compared
$
$
%
$
$
Principal & Interest$1,770/mo
Taxes$300/mo
Insurance$100/mo
Monthly Payment BEST
$2,170
Total Interest
$357,125
Total Cost
$707,125
$
$
%
$
$
Principal & Interest$2,517/mo
Taxes$300/mo
Insurance$100/mo
Monthly Payment
$2,917
Total Interest BEST
$173,009
Total Cost BEST
$523,009

Summary Table

MetricLoan ALoan B
Loan Amount$280,000$280,000
Interest Rate6.5%7%
Term30 yrs15 yrs
Monthly P&I$1,770$2,517
Total Monthly$2,170$2,917
Total Interest$357,125$173,009
Total Cost$707,125$523,009

How we calculate

Monthly principal and interest uses the standard amortization formula. PITI adds 1/12 of annual property tax and homeowners insurance. Total cost includes your down payment plus all payments over the loan term.

Tips for comparing

  • Shorter terms mean higher monthly payments but far less total interest.
  • Even a 0.25% rate difference can save thousands.
  • Consider PMI if down payment is under 20%.