Retirement

Comparing Mortgage Terms

For most, a home is the largest purchase they will ever make. So, it's critical to look at the purchase from a variety of perspectives, including comparing mortgage terms. Use this calculator to see the difference between a shorter- and longer-term mortage.

Loan Parameters

Loan Comparison Results

First Loan

Monthly Payment$2,532
Total Interest Paid$155,683
Total Amount Paid$455,683

Second Loan

Monthly Payment$1,996
Total Interest Paid$418,527
Total Amount Paid$718,527

Visual Comparison

Monthly Payment
$2,532
First Loan
$1,996
Second Loan
Total Interest Paid
$155,683
First Loan
$418,527
Second Loan
Total Amount Paid
$455,683
First Loan
$718,527
Second Loan

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