Mortgage Comparison Calculator

Loan Inputs

Home Value[$]
Downpayment[$]
Loan #1	Loan #2
Interest Rate: %	Interest Rate: %
Cost:[$]	Cost:[$]
Loan Term

Calculation Results

Loan Amount
Monthly Payment for #1
Monthly Paymentfor #2
Payment Difference
Month Equivalent of Cost Difference	months
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Mortgage Comparison Calculator

This calculator simply calculates monthly mortgage payments for two given interest rates with their associated costs and shows payment differences as well as the number of months that is needed to recoup the extra cost.

* Monthly compounding is used for calculations

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