Loan Comparison Calculator
Compare up to 3 mortgage scenarios side-by-side. Adjust home price, down payment, interest rate, and loan term to see which option saves you the most money.
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Quick Preset Scenarios
Load a common comparison scenario with one click
Loan Scenarios
20.0% of home price
Loan Amount$320,000
Monthly Payment$2,023/mo
Total Interest$408,142
LTV Ratio80.0%
20.0% of home price
Loan Amount$320,000
Monthly Payment$2,700/mo
Total Interest$166,062
LTV Ratio80.0%
Visual Comparison
Scenario A
Monthly
$2,023
Total Interest
$408,142
Total Cost
$728,142
Scenario B
Monthly
$2,700
Total Interest
$166,062
Total Cost
$486,062
Detailed Comparison
| Metric | Scenario A | Scenario B |
|---|---|---|
| Home Price | $400,000 | $400,000 |
| Down Payment | $80,000 | $80,000 |
| Loan Amount | $320,000 | $320,000 |
| Interest Rate | 6.5% | 6% |
| Loan Term | 30 years | 15 years |
| LTV Ratio | 80.0% | 80.0% |
| Monthly Payment | $2,023 | $2,700 |
| Total Interest | $408,142 | $166,062 |
| Total Cost | $728,142 | $486,062 |
Smart Recommendation
Best overall: Scenario B
- •Lowest total interest: $166,062
- •Lowest total cost: $486,062
- •Scenario A has the lowest monthly payment ($2,023/mo)
Note: This recommendation is based solely on total interest and total cost. Consider your monthly budget, how long you plan to stay in the home, and your risk tolerance when choosing between loan scenarios.
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