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 determine the total cost in today's dollars of various mortgage alternatives taking into account your opportunity cost of money.
Loan Amount
Amount of loan ($)  
Mortgage Alternatives and Assumptions
Loan1Loan2Loan3
Term: (in years)
Annual interest rate: (%)
Comparison Assumptions
Comparison options/cost of money: (%)
 
Marginal tax bracket: (%)
Years to compare total costs:  
Calculated results are estimates for illustrative purposes only. Actual savings and payments results will depend on the terms, amounts, and rate in your account. The calculator result does not constitute an offer for a loan; does not account for creditworthiness or other loan eligibility factors; and does not account for all fees or insurance that may apply. The calculator does not constitute a guaranteed financial outcome.


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