Loan Amount
$300K
Compare Loan Options
Compare two loan scenarios by total interest, total payments, and balance trends to find the best fit for your budget.
Real Cost FocusFee BreakdownCash Flow Analysis
Recommended
Scenario B
Cost Difference
$9.22K
2.20%
Total Cost A
$3.48K
Total Cost B
$3.41K
Scenario A
Click on loan types to switch scenarios. Hover for info.
Enter the principal, interest rate, and term first. Then adjust income and promo models for a more accurate estimate.
This is the base rate if promo model is disabled.
Total Real Cost (Est.)
These fees are added to total payments for comparison.
Scenario A
Loan Summary
Quick summary of key metrics to help you evaluate your loan before diving into details.
Total Interest
≈ $117.99K
Total Paid
≈ $417.99K
Monthly Payment
≈ $3.48K/mo
Scenario BOptimizing
Use different loan types for A and B to see cash flow impact.
Enter the principal, interest rate, and term first. Then adjust income and promo models for a more accurate estimate.
This is the base rate if promo model is disabled.
Total Real Cost (Est.)
These fees are added to total payments for comparison.
Scenario B
Loan Summary
Quick summary of key metrics to help you evaluate your loan before diving into details.
Loan Amount
$300K
Total Interest
≈ $108.77K
Total Paid
≈ $408.77K
Monthly Payment
≈ $3.41K/mo
Interest Rate Stress Test
Check which option remains optimal if interest rates rise.
• With promo: only increase post-promo rates.
• Without promo: increase current rates directly.
• Simulation for reference only.
Note: The scenario with a higher cost increase is more sensitive to rate fluctuations.
Real Cost Formula - Option A
Total Scheduled Payments: $417.99K
Origination Fee: $150
Loan Insurance: $800
Prepayment Penalty: $0
Formula: $417.99K + $950 = $418.94K
Total Real Cost = Total Scheduled Payments + Upfront Fees.
Total Real Cost: $418.94K
Real Cost Formula - Option B
Total Scheduled Payments: $408.77K
Origination Fee: $150
Loan Insurance: $800
Prepayment Penalty: $0
Formula: $408.77K + $950 = $409.72K
Total Real Cost = Total Scheduled Payments + Upfront Fees.
Total Real Cost: $409.72K
Scenario with lower total real cost
Scenario B
Real Total Cost Difference
≈ $9.22K
Total Payment Difference (excl. fees)
≈ $9.22K
Further Analysis
Total Interest Difference
≈ $9.22K
First Payment for Scenario A
$3.48K
First Payment for Scenario B
$3.41K
Tip: If real cost gap is small but first payment gap is large, prioritize monthly cash flow.
Cash Flow Analysis
Loan Balance & Repayment Structure
Monitor the remaining balance, principal, and interest trends by year to visualize how your loan pressure decreases over time.
Detailed Schedule by Scenario
Switch scenarios to view monthly repayment schedules.
Compare by Loan Term
See how different terms affect interest and monthly payments.
Financial Insights
Analyze each option for better financial planning.
Market Data
Best Bank Interest Rates
Compare promotional and standard interest rates to evaluate the actual cost of your loan.
Last Updated
| Bank | Promo Rate | Standard Rate | Term | Notes | |
|---|---|---|---|---|---|
| 6.08% | 6.50% | 8 - 30 years | Fully online application process with highly customizable terms. | Calculate | |
| 6.11% | 6.55% | 15 - 30 years | Relationship pricing discounts available for existing banking customers. | Calculate | |
| 6.18% | 6.45% | 10 - 30 years | Specializes in first-time home buyer programs with low down payments. | Calculate | |
| 6.21% | 6.65% | 10 - 30 years | Offers great combination of low rates and digital mortgage experience. | Calculate | |
| 6.23% | 6.50% | 15 - 30 years | Competitive fixed rates for 30-year mortgages. | Calculate | |
| 6.25% | 6.60% | 15 - 30 years | Strong presence in mortgage lending across all states. | Calculate |
Interest rates are for reference only. Actual costs depend on your credit profile and bank policy.
Quick Tips
Popular Scenarios
Check out these commonly searched loan amounts and terms.
$50K
5 years/month
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6.5%/yr
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~ $978.31
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$100K
10 years/month
≈ $1.14K
6.5%/yr
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~ $1.14K
Total Interest
~ $36.26K
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$300K
30 years/month
≈ $1.9K
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~ $1.9K
Total Interest
~ $382.63K
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$400K
30 years/month
≈ $2.53K
6.5%/yr
First Month
~ $2.53K
Total Interest
~ $510.18K
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$500K
30 years/month
≈ $3.16K
6.5%/yr
First Month
~ $3.16K
Total Interest
~ $637.72K
View Details
Frequently Asked Questions
Quick answers to common questions about this loan scenario.
Total True Cost = Total scheduled principal + interest payments + origination fees + mortgage insurance premiums + prepayment penalties (if applicable). This is the only number that accurately compares two loan offers over their full term.
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