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Comparison · Interest Costs

Compare 2 Rates (Interest Costs)

Enter your loan amount, term, and two rates to see the total interest each one costs — and how much the lower rate saves you over the life of the loan.

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

Shared

$

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

Rates to Compare

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Results

Lowest Rate

Rate3.500%
P&I Payment$6,596
Total Interest Cost$707,986

Highest Rate

Rate6.000%
P&I Payment$8,555
Total Interest Cost$1,319,045

Savings Analysis

Difference In Interest Costs$611,058Total interest saved by choosing the lower rate.
Monthly Savings$1,959Average interest saving per month over the term.
Annual Savings$23,502
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Estimates only — not a commitment to lend.

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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