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Compare Mortgage Offers

Compare mortgage offers side by side. Understand what you would pay each month, what you need at closing and what each loan costs over the same time.

A lower rate can come with bigger fees.

Use written Loan Estimates for the same loan purpose, base amount and similar quote dates. Compare two or three fixed-rate offers. We do not fetch rates, contact lenders or upload documents.

Interest rate is used for payments. Lender APR is shown only when you enter it. This tool does not calculate APR, determine approval or recommend a lender.

Start with the numbers shared by all offers
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Use the same amount borrowed for the same home purchase or refinance payoff. If an offer includes financed closing fees, subtract those fees from its quoted loan amount to find the base. Then enter those fees in the offer below. Do not compare different cash-out amounts or down payments here.

Example: $250,000 before financed closing fees.

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Add annual property taxes ÷ 12, annual home insurance ÷ 12 and monthly HOA. Use one common estimate so a lender is not shown as cheaper merely for estimating taxes lower. Keep mortgage insurance separate.

Use the same costs for every offer; 0 excludes them.

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Pick how long you expect to keep the loan before selling or refinancing. We compare all offers at that same time. A new 30-year loan should not be judged against 15 years of payments only.

Try 3, 5 or 10 years.

Keep the same purpose for all offers and a future payment goal.

Enter 0 only when a cost does not apply. Blank fields are not treated as free. This compares new offers with each other, not with your current mortgage.

Offer A
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Find Interest Rate on page 1 of the Loan Estimate. This calculator keeps that rate unchanged for the whole loan.

For 6.5%, enter 6.5. Do not enter APR.

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Find Loan Term on page 1. Years × 12 gives months. Only fully amortizing fixed loans are supported; no balloon or interest-only loans.

15 years = 180; 20 = 240; 30 = 360.

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Add lender and third-party fees you will actually pay, such as origination, appraisal, title and recording fees. Leave out points entered below, down payment, refundable escrow deposits and prepaid taxes/insurance. Count each fee once. If using a total, subtract points and excluded items first.

Add the real closing fees. Keep points separate.

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Find Points in Section A on page 2. One point on a $250,000 loan costs $2,500. If only dollars are listed: points dollars ÷ quoted loan amount × 100. We calculate points on the base amount plus financed fees.

1 point = 1% of the quoted loan amount.

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Find Lender Credits in Section J on page 2. Credits reduce entered closing fees. Do not also subtract them from the fees box. This tool does not treat credits as cash profit and will reject credits larger than entered fees plus points.

Use the credit dollars on the Loan Estimate.

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Ask how much of the closing fees will be added to the mortgage. That amount increases your loan and interest. It must be part of the fees already entered, not an extra fee. Enter 0 if all net fees are paid at closing.

Fees borrowed instead of paid in cash.

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Find Mortgage Insurance in Projected Payments on page 1. This protects the lender and differs from home insurance. Enter the lender estimate. We do not predict eligibility or cancellation.

Use 0 only when none applies.

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Ask your lender or servicer about expected duration. The calculation uses your entered assumption only. Some insurance can last for the full loan. If mortgage insurance is $0, enter 0 here.

Your assumption: 5 years = 60 months.

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Add down payment, escrow deposits, prepaid taxes/insurance and other closing cash excluded from the loan-fee boxes. We show this as cash you need, not as an extra borrowing cost. This is not a complete lender cash-to-close calculation. Do not count the cash-paid loan fees here again.

Deposits, prepaids and any down payment.

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APR includes certain borrowing charges, so it can differ from the interest rate. We show the APR you enter for reference. We do not calculate, verify or use APR to calculate payments or rank costs.

Copy from page 3; leave blank if unknown.

Offer B
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Find Interest Rate on page 1 of the Loan Estimate. This calculator keeps that rate unchanged for the whole loan.

For 6.5%, enter 6.5. Do not enter APR.

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Find Loan Term on page 1. Years × 12 gives months. Only fully amortizing fixed loans are supported; no balloon or interest-only loans.

15 years = 180; 20 = 240; 30 = 360.

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Add lender and third-party fees you will actually pay, such as origination, appraisal, title and recording fees. Leave out points entered below, down payment, refundable escrow deposits and prepaid taxes/insurance. Count each fee once. If using a total, subtract points and excluded items first.

Add the real closing fees. Keep points separate.

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Find Points in Section A on page 2. One point on a $250,000 loan costs $2,500. If only dollars are listed: points dollars ÷ quoted loan amount × 100. We calculate points on the base amount plus financed fees.

1 point = 1% of the quoted loan amount.

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Find Lender Credits in Section J on page 2. Credits reduce entered closing fees. Do not also subtract them from the fees box. This tool does not treat credits as cash profit and will reject credits larger than entered fees plus points.

Use the credit dollars on the Loan Estimate.

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Ask how much of the closing fees will be added to the mortgage. That amount increases your loan and interest. It must be part of the fees already entered, not an extra fee. Enter 0 if all net fees are paid at closing.

Fees borrowed instead of paid in cash.

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Find Mortgage Insurance in Projected Payments on page 1. This protects the lender and differs from home insurance. Enter the lender estimate. We do not predict eligibility or cancellation.

Use 0 only when none applies.

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Ask your lender or servicer about expected duration. The calculation uses your entered assumption only. Some insurance can last for the full loan. If mortgage insurance is $0, enter 0 here.

Your assumption: 5 years = 60 months.

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Add down payment, escrow deposits, prepaid taxes/insurance and other closing cash excluded from the loan-fee boxes. We show this as cash you need, not as an extra borrowing cost. This is not a complete lender cash-to-close calculation. Do not count the cash-paid loan fees here again.

Deposits, prepaids and any down payment.

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APR includes certain borrowing charges, so it can differ from the interest rate. We show the APR you enter for reference. We do not calculate, verify or use APR to calculate payments or rank costs.

Copy from page 3; leave blank if unknown.

Your numbers stay in this browser unless you choose to carry a payment goal to My Account and explicitly save it.

Loading offer calculator…

Which offer costs less over your chosen time?

Compare the monthly bill, cash needed and borrowing costs. A smaller monthly payment does not always mean lower overall costs.

Educational fixed-rate, fully amortizing estimates. No adjustable rates, interest-only periods, balloon payments or negative amortization. Mortgage insurance lasts for your entered duration; cancellation is not predicted. Cash-out amounts must be the same. Prepayment penalties, tax effects, investment returns, changing housing costs and unentered fees are excluded.

CFPB: how to compare your official Loan Estimates →