Mortgage Calculator | Which Loan is Better


	Which Loan Is Better Mortgage Calculator

Current Interest Rates

PRODUCT	Rate	Last week
30 yr fixed mtg	3.87%	3.92%
15 yr fixed mtg	3.18%	3.24%
5/1 ARM	2.85%	2.89%

PRODUCT	Rate	Last week
$30K HELOC	4.71%	4.81%
$30K home equity loan	6.00%	6.21%
$50K HELOC	4.32%	4.40%

PRODUCT	Rate	Last week
48 month used car loan	4.25%	4.80%
48 month new car loan	3.64%	4.04%
36 month used car loan	4.89%	4.87%

PRODUCT	Yield	Last week
6 month CD	0.48%	0.46%
1 yr CD	0.76%	0.67%
5 yr CD	1.57%	1.59%

PRODUCT	Rate
Balance Transfer Cards	16.16%
Cash Back Cards	16.59%
Low Interest Cards	10.68%


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	Loan 1	Loan 2
Amount	($)
Interest	(%)	(%)
Loan Length	(Yrs)	(Yrs)
Points	(%)	(%)
Origination Fees	(%)	(%)
ClosingCost	($)	($)
Show amortization table

Financial Analysis

	Loan 1	Loan 2
Monthly Payment	$2,500.00	$3,750.00
Origination Fees	$0.00	$1,250.00
Total Closing Cost	$3,700.00	$5,700.00
Amount Financed	$247,500.00	$246,250.00
Monthly Payment	$1,291.08	$1,211.40
Total Monthly Payment	$464,787.78	$436,104.71
Total Savings	$0.00	$28,683.06

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