Select the presentation of the results you like the most and our mortgage loan comparison calculator will estimate everything in no time. This will allow you to check which mortgage is better. Use our Mortgage Comparison Calculator to compare the monthly payment, total interest expense and closing costs for up to three mortgages. Loans Comparison Calculator Use Our Loan Comparison Calculator To Compare Payments and Costs with up to 3 Loans. You can also follow the progression of the mortgage balances in a dynamic chart and amortization table with extra payments. Loan Payment Holiday Calculator Calculate how a payment holiday from your loan affects you. Since you can check and compare the APRs of the loans, you can use the tool as a mortgage rate comparison calculator as well. Also available in the advanced mode.Īfter setting all parameters, you will immediately see the results in a summary table where you can read and compare the results for the two mortgages and decide easily which mortgage is better. Due date - The closest date when the monthly payment is due.Compounding frequency - Available in the advanced mode of the mortgage comparison calculator.Upfront fee - Additional upfront payment.Mortgage points - Upfront payment as a percentage of the loan amount. Use our loan comparison calculator to see how it all stacks up.Interest rate - Yearly rate of interest or Annual Percentage Rate (learn more about APR with our APR calculator).Mortgage term - The remaining or original loan term.Payment frequency - Here, you can switch from a monthly schedule to an accelerated weekly or accelerated bi-weekly mortgage payments.
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Loan amount - To check which mortgage is better, enter either the remaining balance or, in the case of a new loan, give the original loan value.To run the mortgage comparison calculator, you need to specify the following parameters for two mortgage loans: