See the whole offer

A lower rate is one part of the picture.

Compare two quotes using the same borrower and property assumptions, then see monthly payments, upfront costs, and what you will spend over time.

Starting numbers are illustrative examples. Replace them with your Loan Estimates. Calculations run in your browser; this tool does not submit your entries. APR and disclosed cash to close are entered from your lender’s documents.

Use the same borrower and property assumptions

Loan purposeOccupancyCredit score rangeProperty typeProperty city / stateHome price ($)Down payment (%)Expected holding period (months)

Shared loan amount: $360,000. Ask each lender to price this same scenario. These fields document assumptions; they do not generate live lender prices.

Monthly ownership costs

Property taxes per year ($)Home insurance per year ($)HOA per month ($)Mortgage insurance per month ($)

Enter actual charges where known and estimates where needed. Look up property taxes. Insurance, HOA, and mortgage insurance remain constant in this illustration; confirm changes and cancellation rules with the provider.

Offer A

Lender / offer nameInterest rate (%)Disclosed APR (%)Term (years)Discount points (%)Other loan costs ($)Lender credits ($)Disclosed cash to close ($)Lock length (days)Quote dateLock expiration

Other loan costs exclude discount points, down payment, prepaid taxes/insurance, and escrow deposits. Enter credits once. Disclosed cash to close is shown separately because it includes amounts beyond loan costs.

Offer B

Lender / offer nameInterest rate (%)Disclosed APR (%)Term (years)Discount points (%)Other loan costs ($)Lender credits ($)Disclosed cash to close ($)Lock length (days)Quote dateLock expiration

Compare the whole cost.

Comparison	Offer A	Offer B
Principal & interest / month	$2,275	$2,217
Total ownership / month	$2,825	$2,767
Loan costs less lender credits	$1,800	$5,400
Disclosed cash to close	Not entered	Not entered
Disclosed APR	6.650%	6.400%
Months compared	60	60
Interest over holding period	$113,526	$109,009
Remaining loan balance	$337,000	$336,014
Interest + net loan costs + ownership costs	$148,326	$147,409

Holding-period cost excludes down payment and repaid principal because they contribute to equity. It includes loan interest, net loan costs, taxes, insurance, HOA, and mortgage insurance. It excludes home price changes, maintenance, selling costs, and tax effects.

The simple payment break-even for Offer B is about 62 months. This divides extra upfront costs by monthly principal-and-interest savings; it does not account for different payoff balances.

Optional: record what happened at closing

Compare your own final terms with the original quote. These entries stay in this page until you leave.

Original offerFinal rate (%)Final net loan costs ($)Application dateClosing date

Upload a Loan Estimate for private review → · Explore public market conditions →