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Which Loan Is Better?

This calculator will compare two mortgages: one with a lower interest rate and one with fewer points.

Place your cursor in the fields and fill in the requested information to the best of your knowledge. Use the tab key on your keyboard to move through the form. Once the required fields are completed, the form will automatically populate with the information you have requested.

Mortgage A (Lower interest rate) Mortgage B (Fewer points)
Monthly Payment Monthly Payment
Years You Plan on Living in the House Years You Plan on Living in the House
Prepayment Penalty Prepayment Penalty
Dollar Amount of Points Dollar Amount of Points
Principal Remaining When You Vacate Premises Principal Remaining When You Vacate Premises
Total Cost Total Cost