Eight Loan Comparison
Use this calculator to make a side-by-side, net cost comparison of up to 8 different loan or scenario options.
Property Parameters
OPTION 1 OPTION 2 OPTION 3 OPTION 4 OPTION 5 OPTION 6 OPTION 7 OPTION 8
Reference
Sale Price
Annual Taxes by %
Annual Taxes
Monthly Fee-condo, coop, HOA
Other Monthly Cost
DOWN PAYMENT AND LOAN AMOUNTS
1st LOAN TERMS & MI/PMI
2ND LOAN TERMS
Total Mo. Payments - 1st, 2nd & MI
Difference vs. Option 1
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Weighted Average Interest Rate
MONTHLY EXPENSES
CLOSING COSTS for 1ST LOAN
CLOSING COSTS for 2ND LOAN
CASH TO CLOSE
ANNUAL PERCENTAGE RATE
QUALIFICATION
NET LOAN COST COMPARISON
This loan comparison calculator can be used in many ways. The primary benefit is to compare various loan options side by side so you can see clearly the payment, principal and cost differentials not only as they appear on the surface but,also over the specific time period that you expect to own your home or have your loan before sale or refinance. If you have any questions or would like to go through this together, please reach out.


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WEIGHTED AVERAGE RATES
Option 1 Loan Amount Rate Annual Interest
1st Mortgage Loan
2nd Mortgage Loan
Total Loan Amount
Weighted Average Rate Equals
Option 2 Loan Amount Rate Annual Interest
1st Mortgage Loan
2nd Mortgage Loan
Total Loan Amount
Weighted Average Rate Equals
Option 3 Loan Amount Rate Annual Interest
1st Mortgage Loan
2nd Mortgage Loan
Total Loan Amount
Weighted Average Rate Equals
Option 4 Loan Amount Rate Annual Interest
1st Mortgage Loan
2nd Mortgage Loan
Total Loan Amount
Weighted Average Rate Equals
Option 5 Loan Amount Rate Annual Interest
1st Mortgage Loan
2nd Mortgage Loan
Total Loan Amount
Weighted Average Rate Equals
Option 6 Loan Amount Rate Annual Interest
1st Mortgage Loan
2nd Mortgage Loan
Total Loan Amount
Weighted Average Rate Equals
Option 7 Loan Amount Rate Annual Interest
1st Mortgage Loan
2nd Mortgage Loan
Total Loan Amount
Weighted Average Rate Equals
Option 8 Loan Amount Rate Annual Interest
1st Mortgage Loan
2nd Mortgage Loan
Total Loan Amount
Weighted Average Rate Equals
TOTAL INCOME
To qualify, borrowers must demonstrate sufficient and usable regular monthly income for the program requirements
Employment Notes:
Income for Borrower 1 Income for Borrower 2
Enter an annual salary or use the calculator sections for periodic, overtime, bonus, commission, rental income, etc.
Annual Salary
Click Box to Include this Income Monthly =
Annual Salary
Click Box to Include this Income Monthly =
INCOME CALCULATORS
Additional Income From 2nd Source or Additional Borrowers
Income Calculators for 2nd Source or Additional Borrowers
Total Annual =
Click to use this income
TOTAL ASSETS
To qualify, you must demonstrate the availability of the needed liquid funds to close and sufficient reserve funds for the program to be used
If applicable, calculate the Net Proceeds from the sale of an existing home in this section:
Enter Sales Price
Commission @
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Transfer Taxes/Expenses @
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Payoff balance on 1st Mortgage Loan
Payoff balance on 2nd Mortgage Loan/HELOC
Payoff balance on any other loans or liens
Total of all balances & expenses
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Net Proceeds from Sale (Enter in liquid assets)
Liquid Asset Notes: Reserve Asset Notes:
Liquid Assets available for the transaction
Reserve Funds that will not be used for the transaction
Checking / Savings 1
Checking / Savings 2
Checking / Savings 3
Checking / Savings 4
Retirement calculated at 60% and Brokerage at 70%
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Total Liquid Assets Available
Retirement x =
Retirement x =
Brokerage x =
Brokerage x =
Brokerage x =
x =
x =
x =
x =
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Total Reserve Funds
Click Check Box to use this Total
Click Check Box to use this Total
TOTAL DEBTS
Debt Related Notes:
Monthly Debts Current Balance Payment % Payment By % Payment Used
Net Loss on Rental Property 1
Net Loss on Rental Property 2
Maintenance, Alimony or Child Support
Maintenance, Alimony or Child Support
Totals
Click the Check Box to send the Total Debt Payments to the Loan Comparison Screen