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Mortgage Comparison Calculator

Which mortgage is right for your home loan needs?

This calculator helps you compare mortgages and determine which home loan is right for you.

Input
  Loan 1 Loan 2
Amount ($)
Interest (%) (%)
Loan Length (Yrs) (Yrs)
Points (%) (%)
Origination Fees (%) (%)
Closing Cost ($) ($)
Financial Analysis
  Loan 1 Loan 2
Monthly Payment $2,000.00 $3,000.00
Origination Fees $1,000.00 $1,250.00
Total Closing Cost $4,200.00 $4,950.00
Amount Financed $198,000.00 $197,000.00
Monthly Payment $1,235.26 $1,149.64
Total Monthly Payment $444,694.46 $413,869.87
Total Savings $0.00 $30,824.59

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.
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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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