Purchase Compare

Mike Fox, Mortgage Agent, Level 2 at BRX Mortgage.

$
$
$
Mortgage Insurance$29,800.00
Mortgage Amount$774,800.00
%
Mortgage Payment$4,071.41
Pre-Payments
$
$
$
$
Mortgage Insurance$22,320.00
Mortgage Amount$742,320.00
%
Mortgage Payment$3,900.73
Pre-Payments
$
$
$
$
Mortgage Insurance$19,040.00
Mortgage Amount$699,040.00
%
Mortgage Payment$3,673.30
Pre-Payments
$
$
$
$
$
$
★Option 1
Term Interest
$143,860.52
baseline
Term Principal
$100,423.80
baseline
Total Term Payments
$244,284.33
baseline
Balance at End of Term
$674,376.20
baseline
Effective Amortization
25 yr
baseline
☆Option 2
Term Interest
$137,829.82
▼ $6,030.70
Term Principal
$96,213.99
▼ $4,209.82
Total Term Payments
$234,043.81
▼ $10,240.52
Balance at End of Term
$646,106.01
▼ $28,270.18
Effective Amortization
25 yr
same as baseline
☆Option 3
Term Interest
$129,793.83
▼ $14,066.69
Term Principal
$90,604.36
▼ $9,819.45
Total Term Payments
$220,398.19
▼ $23,886.14
Balance at End of Term
$608,435.64
▼ $65,940.55
Effective Amortization
25 yr
same as baseline
Interest Comparison
$143,861Option 1$137,830Option 2$129,794Option 3

Disclaimer: This calculator is for illustrative purposes only and should not be relied upon for financial planning. Insurance, tax, and qualifying rules vary and change. Confirm the final numbers with your lawyer and lender before you close.