Comparing Mortgage Terms (i.e. 15, 20, 30 year)

See side-by-side monthly payments and total interest for two different loan terms and rates on the same loan amount.

Loan Amount

Amount of loan

Mortgage Alternatives and Assumptions

Item	Loan 1	Loan 2
Term
Annual interest rate	%
Term
Annual interest rate		%

Enter your values and select Calculate.

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 compare monthly payment and total interest paid between two loans.

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.