Mortgage Comparison Calculator

Mortgage Comparison Definition

Use our free, user-friendly mortgage comparison calculator to determine which mortgage loan will be the best option for you! When shopping around for a variety of mortgages, it is important to make sure that you are saving as much money as possible when it comes to interest rates and the amount of years you would be expected to pay off the mortgage.

Finding low-interest mortgage loans have become increasingly scarce. Therefore, when working with financial institutions, banks and other lenders to find the best mortgage for your needs, make sure you do your due diligence in terms of finding the mortgage loan package that will save you as much as money as possible over the lifetime of the loan.

Using this online calculator is great because it will give you the ability to compare three loans simultaneously at once. Using this calculator, you can input the following information:

• Mortgage Amount in Dollars
• Years (Life of the mortgage)
• Annual Interest Rate

After inputting in the information for all three different loans, hit the button calculate at the very end of the screen. Once you hit submit you will receive results listed as the following:

• Each loan’s monthly payment
• The total amount you will pay over the life of the mortgage

In the end, it is important to remember that there may be other fees involved depending on the financial institution that you are receiving the loan from.

Some people receive tax incentives and other deductions that allow them to get reduced monthly payments. Consult with an accountant to see what type of deductions and incentives are available to make your monthly payments lower.

Be sure that before you sign any mortgage contract that you know the full-terms of what the interest rates and the amount that you are financing. Some financial experts recommend that you have a real estate lawyer fully review your mortgage contract before you sign it.

How to Calculate Mortgage Comparison

Let's be honest - sometimes the best mortgage comparison calculator is the one that is easy to use and doesn't require us to even know what the mortgage comparison formula is in the first place! But if you want to know the exact formula for calculating mortgage comparison then please check out the "Formula" box above.

Add a Free Mortgage Comparison Calculator Widget to Your Site!

You can get a free online mortgage comparison calculator for your website and you don't even have to download the mortgage comparison calculator - you can just copy and paste! The mortgage comparison calculator exactly as you see it above is 100% free for you to use. If you want to customize the colors, size, and more to better fit your site, then pricing starts at just $29.99 for a one time purchase. Click the "Customize" button above to learn more!