Mortgage Calculator | Which Loan is Better


	Which Loan Is Better Mortgage Calculator

Current Interest Rates

PRODUCT	Rate	Last week
30 year fixed	4.09%	4.16%
15 year fixed	3.25%	3.30%
5/1 ARM	3.28%	3.36%

Rate disclaimer

PRODUCT	Rate	Last week
30 year fixed refi	4.09%	4.17%
15 year fixed refi	3.25%	3.34%
10 year fixed refi	3.15%	3.18%

PRODUCT	Rate	Last week
60 month used car loan	3.20%	3.20%
48 month used car loan	3.18%	3.19%
60 month new car loan	3.44%	3.44%

PRODUCT	Yield	Last week
6 Month CD	0.75%	0.71%
1 Year CD	1.24%	1.24%
2 Year CD	1.41%	1.41%

PRODUCT	Rate
MMA and SAVINGS	0.58%
$10k MMA	0.57%
Interest Checking	0.43%


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Input

	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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