Compare Two Mortgage Loans

Loan One

Closing Costs
Loan Amount
Monthly Payment

Loan Two

Closing Costs
Loan Amount
Monthly Payment

When refinancing a home, the mortgage you choose and the options you want with it will have a significant impact on your costs in the long run. The interest rate, origination fees, fees paid for a particular interest rate (also known as “points”) and settlement costs will all have an impact. Of these, the interest rate is the most important.