Compare monthly payments and interest-plus-fee cost for two fixed-rate mortgage offers.
It keeps the property value, balance, cash amounts, rate convention, payment timing, and comparison horizon visible so the result can be checked against an actual quote, statement, budget, or contract.
Calculation structure
Follow the money through time
Each option uses level-payment amortization; borrowing cost is scheduled interest plus separately entered fees.
Visual explanation
See which inputs change the result
Scenario APayment + cost
versus
Scenario BPayment + cost
Each option uses level-payment amortization; borrowing cost is scheduled interest plus separately entered fees.
Read the estimate correctly
Use the result with its assumptions
Compare a shorter mortgage with a lower rate against a longer mortgage with lower monthly payments.
Do not separately enter fees already financed or embedded in a rate. This is not a regulated APR comparison.
Quick guide
How to use this calculator
Enter every amount in one consistent currency.
Enter the rate convention and whole-number period requested by each label.
Review the result together with the calculator-specific assumptions and exclusions.
Calculation method
Calculation method
Each option uses level-payment amortization; borrowing cost is scheduled interest plus separately entered fees.
The calculation retains full floating-point precision internally and rounds only for display. Amortization advances one payment period at a time so principal, interest, extra payments, and the final payment remain explicit.
Worked example
Practical example
Compare a shorter mortgage with a lower rate against a longer mortgage with lower monthly payments.
Each option uses level-payment amortization; borrowing cost is scheduled interest plus separately entered fees.
Supported inputs
Precision and limits
Visible input limits
Numeric tokens accept at most 60 characters. Amounts are capped at 1e12, annual rates at 1000%, and mortgage schedules at 100 years or 1,200 monthly payments.
Estimate, not an offer
Results model only the entered values. A lender may use different day counts, payment timing, fees, rounding, qualification rules, or contractual allocation.
International scope
No currency, country, tax system, insurance rule, mortgage program, or lender policy is assumed. Location-dependent amounts must be entered explicitly.
Calculator-specific assumptions
Do not separately enter fees already financed or embedded in a rate. This is not a regulated APR comparison.
