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Which Loan Is Better Mortgage Calculator

Current Interest Rates
PRODUCT +/- Rate Last week
30 year fixed Graph Icon Arrow 3.63% 3.58%
15 year fixed Graph Icon Arrow 2.65% 2.67%
5/1 ARM Graph Icon Arrow 2.95% 2.94%

 Rate disclaimer

PRODUCT +/- Rate Last week
30 year fixed refi Graph Icon Arrow 3.49% 3.47%
15 year fixed refi Graph Icon Arrow 2.68% 2.71%
10 year fixed refi Graph Icon Arrow 2.68% 2.71%
PRODUCT +/- Rate Last week
60 month used car loan Graph Icon Arrow 2.95% 2.95%
48 month used car loan Graph Icon Arrow 2.95% 2.98%
60 month new car loan Graph Icon Arrow 3.07% 3.32%
PRODUCT +/- Yield Last week
6 Month CD Graph Icon Arrow 0.77% 0.77%
1 Year CD Graph Icon Arrow 1.15% 1.16%
2 Year CD Graph Icon Arrow 1.31% 1.30%
PRODUCT Rate
MMA and SAVINGS 0.45%
$10k MMA 0.48%
Interest Checking 0.31%
Compare Mortgage Rates
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Input
  Loan 1 Loan 2
Amount ($)
Interest (%) (%)
Loan Length (Yrs) (Yrs)
Points (%) (%)
Origination Fees (%) (%)
ClosingCost ($) ($)
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