When purchasing a home the mortgage you choose and the options you want with it will have a significant impact on how much your home costs you in the long run. Interest charges, origination fees, fees paid for a particular interest rate (formerly referred to as 'points') and settlement costs will often have the most impact. Of these, the interest rate you pay will matter most.
Compare Two Mortgage Loans
Compare Two Mortgage Loans
Loan One
Closing Costs
$ 4,000
Loan Amount
$ 250,000
Monthly Payment
$ 1,179
Loan Two
Closing Costs
$ 4,000
Loan Amount
$ 250,000
Monthly Payment
$ 1,326
Loan Two will cost you $53,154 more over the term of the loan than Loan One.
The accuracy of this calculator is not guaranteed by First Citizens Bank [or its affiliates] and is intended for informational purposes only. The calculator displayed does not constitute the advice of, or reflect actual products, services, rates and/or terms available from First Citizens Bank [or its affiliates] and nothing contained in the calculator shall constitute an offer or solicitation of a product or service by First Citizens Bank [or its affiliates].