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Mortgage Comparison Calculator

Compare two mortgages to see which one saves you the most money.

Input

	Loan 1	Loan 2
Amount	($)
Interest	(%)	(%)
Loan Length	(Yrs)	(Yrs)
Points	(%)	(%)
Origination Fees	(%)	(%)
Closing Cost	($)	($)
Show amortization table

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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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.