Compare Common Loans for First Time Home Buyers

This calculator allows for the comparison of two loans over a period of time.   It accounts for the trade-offs between mortgage rate and closing costs.

FHA MIP will change from time to time, but is typically correct.  Conventional mortgage insurance, or PMI, varies from lender to lender, insurer to insurer.  The values here will often be close, but check with your lender for exact rates and qualification requirements.

Common Loan Comparisons:

30 Yr. v. 20 Yr.
20 Yr. v. 15 Yr.
FHA vs. Conventional 5% down
FHA vs. Conventional 10% down
Common Comparisons

Enter your loan options

Comparison Term (Years):
Property Value:
Scenario Name
Loan Type:
Loan Term (Years):
Loan Amount:
Interest Rate:
MI Factor:
Closing Costs ($):
Closing Costs (%):


Loan & Payment Summary
P&I Payment
Mortgage Insurance
Monthly Payment
Monthly Savings

Full Analysis through 10 Years

Real Cost Analysis
Total Loan Amount
Total Payments
Principal Payments
Remaining Balance
Interest & MI Payments
Total Cost
Total Savings


Show me
Total Savings Total Payments
Total Cost Principal Payments
Interest & MI Payments Remaining Balance