Calculators · Buying & Financing
Compare Mortgage Scenarios
Compare up to three mortgage scenarios side by side: 30-year vs 15-year, conventional vs FHA, different down payments or rates.
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How this calculator works
Small changes add up over a loan. Set up to three scenarios and compare monthly cost, cash to close, total interest and balance after five years in one table.
The page starts with a 30-year conventional loan, a 15-year conventional loan and an FHA loan. Change any input in any scenario, or add a different program.
- Use the A, B and C tabs to edit each scenario. The comparison table updates as you type.
- Download the CSV or print the page to keep the comparison.
Worked example
Example values are illustrative, not quotes or market data. These are the numbers the calculator above starts with.
Inputs
- Loan type
- Conventional
- Home price
- $350,000
- Down payment
- $17,500 (5%)
- Interest rate
- 6.5%
- Loan length
- 30 years
- Property taxes per year
- $7,000
- Homeowners insurance per year
- $2,400
- HOA dues per month
- $0
Results
- Loan type
- Conventional
- Home price
- $350,000
- Down payment
- $17,500 (5.0%)
- Rate / length
- 6.5% / 30 yrs
- Total monthly housing cost
- $3,024
- Principal and interest
- $2,102
- Mortgage insurance (month 1)
- $139
- Loan amount
- $332,500
- Cash to close (down payment only until costs are entered)
- $17,500
- Total interest
- $424,083
- Balance after 5 years
- $311,256
Common questions
Is a 15-year loan better than a 30-year?
A 15-year loan usually has a lower rate and far less total interest, but a higher payment. The right choice depends on your budget and goals.
Should I put more down?
More down lowers the payment and can remove mortgage insurance, but leaves less cash for reserves and repairs. Compare both in two scenarios.
Can I save my comparison?
Yes. Save on this device, download a CSV, print it, or copy a share link that contains only the assumptions.
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Estimate only. Actual loan terms, eligibility, insurance, taxes, and settlement charges require verification. These are planning estimates, not a lender Loan Estimate, Closing Disclosure, appraisal, or approval. Michael O'Neal is a real estate broker, not a lender, appraiser, attorney or tax adviser.
Next step
Want a real financing quote? Connect with Home Front Mortgage.
Andrew Fairleigh, Mortgage Loan Originator, Home Front Mortgage, NMLS #1878546. (979) 595-8979 · [email protected]
Rates in these calculators are examples, not Home Front quotes. Your application goes to Home Front's secure site. Do not send financial documents through this website.
Affiliated business arrangement disclosure. This is to give you notice that some agents and owners at Keller Williams Realty Northeast, including Michael O'Neal, have a business relationship with certain providers of services related to your purchase, sale or refinance of real estate, including Home Front Mortgage and Keystone Title & Escrow. Because of this relationship, a referral may provide some owners and agents at Keller Williams Realty Northeast a financial or other benefit. You are NOT required to use either company as a condition for your purchase, your financing or refinance, or any other transaction related to a property. There are frequently other providers available with similar services. You are free to shop around to determine that you are receiving the best services and the best rate for these services. You will be given the written Affiliated Business Arrangement Disclosure, including estimated charges, to review and sign.