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Comparison · Total Costs

Compare 3 Rates

Enter your Loan Estimate closing costs, then the rates and price of each rate — lowest, the LE rate, and highest — to compare total costs, monthly payments, your breakeven point, and total savings.

Built by Jim Blackburn · NMLS #1072866 · $500M+ closed · 7× Scotsman Guide Top Producer

Shared

$

10 yr = 120 · 15 yr = 180 · 30 yr = 360.

$

Estimated closing costs from the Loan Estimate.

Strategy A — Lowest Rate

%
$

Strategy B — Middle Road (LE Rate)

%
$

Negative = lender credit.

Strategy C — Lowest Cost Rate

%
$

Negative = lender credit.

Results

Strategy A — Lowest Rate

Rate5.375%
P&I Payment$1,960
Total Costs$24,076

Strategy B — Middle Road (LE Rate)

Rate6.990%
P&I Payment$2,326
Total Costs$12,076

Strategy C — Lowest Cost Rate

Rate8.125%
P&I Payment$2,599
Total Costs$9,076

Breakeven Analysis

Monthly Savings (A vs C)$639
Annual Savings (A vs C)$7,666
Difference In Upfront Investment$15,000
Years To Breakeven2.0Years to recover the upfront investment.

Future Savings

Years To Save28.0Years of savings remaining after breakeven.
Estimated Savings For Remaining Term$214,986Pure cashflow over the remaining loan term after breakeven.
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Estimates only — not a commitment to lend.

Professional Recommendation

If you think you'll keep this loan past the breakeven years before selling, paying off, or refinancing — and you can comfortably come up with the cash to close — then Strategy A is your best choice.

If you're more likely to pay off, refinance, or sell before the breakeven period, then Strategy C is your best choice.

If you're uncertain and caught between the two, go with Strategy B.

Jim Blackburn

By Jim Blackburn

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Important Disclaimer

This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.

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