Compare Two Mortgage Loans

First Loan
Closing Costs
Loan Amount
Monthly Payment
Second Loan
Closing Costs
Loan Amount
Monthly Payment
Cost of Loan Comparison
Cost Category First Loan Second Loan
Total Interest
Total Closing Costs
Total Principal
Total Cost of Loan

When purchasing a home the mortgage you choose and the options you want with it will have a significant impact on how much your home costs you in the long run. Interest charges, origination fees, fees paid for a particular interest rate (formerly referred to as 'points') and settlement costs will often have the most impact. Of these, the interest rate you pay will matter most.