How can I compare mortgage terms (i.e. 15-, 30-year)?

Not all mortgages are created equal. It's good to consider how both the length of your mortgage and the interest rate impact your monthly and total cost. Use this calculator to determine the best loan to help you Shrink My Debt.
Loan Amount
Amount of loan ($) 
Mortgage Alternatives and Assumptions
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Term (in years)
Annual interest rate

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This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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