Compare Mortgage

Use this calculator to compare mortgage payments and other monthly costs for different mortgage loan types. Get an estimate of the potential tax credit if you itemize and deduct interest on the loan.

Different mortgage terms and rates can make the loan selection process confusing, especially if you don't plan on keeping the loan for the full term. Use this calculator to determine the total cost of various mortgage alternatives taking into account your opportunity cost of money.

Compare Mortgage   Currency $ € £ ¥ ₪   Principal ammount:       Loan1 Loan2   Down payment amount: %   $ %   $   Points   %   %   Insurance/year %   $ %   $   PMI/year %   $ %   $   Number of months or years   months   years   months   years     Intrest Rate: % %   Compounding period: daily weekly bi weekly half month monthly two month quarterly four month four week semi annually annually daily weekly bi weekly half month monthly two month quarterly four month four week semi annually annually   Payments / year: weekly bi weekly half month monthly two month quarterly four month four week semi annually annually weekly bi weekly half month monthly two month quarterly four month four week semi annually annually     Financial Details     Loan1 Loan2 Diffrence     Down Payment: $ 0.00 $ 0.00 $ 0.00     Points: $ 1,000.00 $ 1,000.00 $ 0.00     Interest rate 6.9 % 6.9 % -     Interest compounding: monthly monthly -     Payments / year: monthly monthly -     Nb. of payments 360 360 -       Total amount financed $ 99,000.00 $ 99,000.00 $ 0.00     Payment amount $ 652.01 $ 652.01 $ 0.00     Insurance per payment period $ 83.33 $ 83.33 $ 0.00     PMI per payment period $ 41.25 $ 41.25 $ 0.00     Nb. of payments with PMI 147 147 -     Total Interest $ 135,725.09 $ 135,725.09 $ 0.00     Total Insurance $ 30,000.00 $ 30,000.00 $ 0.00     Total PMI charge $ 6,063.75 $ 6,063.75 $ 0.00     Total finance charge $ 171,788.84 $ 171,788.84 $ 0.00   Powered by Mortgage Calculator Script

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