Mortgage comparison calculator

Calculate two mortgage loans to see which one will save you money.

Loan 1

Loan 2

Loan 2 will cost you $368,543 less over the term of the loan than Loan 1.

Loan 1

Closing costs
$5,000
Loan amount
$500,000
Monthly payment
$3,160.34
$500,000Principal
$637,722Interest
Loan 1Total $1,142,722

Loan 2

Closing costs
$2,500
Loan amount
$500,000
Monthly payment
$4,287.11
$500,000Principal
$271,680Interest
Loan 2Total $774,180