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
Closing Costs |
Loan Amount |
Monthly Payment |
|---|---|---|
Closing Costs |
Loan Amount |
Monthly Payment |
|---|---|---|
| Cost Category | First Loan | Second Loan |
|---|---|---|
| Total Interest | ||
| Total Closing Costs | ||
| Total Principal | ||
| Total Cost of Loan |
This calculator is intended for informational purposes only and is considered an estimate. The accuracy of this calculator is not guaranteed by General Electric Credit Union (GECU). The calculator and its results do not constitute the advice of, or reflect actual products, services, rates, and/or terms available. Nothing contained in the calculator shall constitute an offer or solicitation of a product or service by GECU. This calculator is not intended to offer any tax, legal, financial, or investment advice. Please consult with qualified advisors to discuss your specific needs.