Compare A 'No-Cost' Versus Traditional Mortgage
Assumptions
Amount of loan
Number of years
Mortgage Rates
No-Cost Loan
Traditional Mortgage
Annual interest rate: (%)
Traditional Loan Closing Costs
Discount points: (% of loan)
Origination fees: (% of loan)
Lender fees: (processing and underwriting)
Credit report
Appraisal
Title insurance
Reconveyance fee
Recording fee
Wire and courier fee
Endorsement fee
Title closing fee
Document preparation
Other fees
How do you plan to pay closing costs?
Roll into loan amount
Pay cash at closing
Comparison Assumptions
Comparison options/cost of money: (%)
Cost only (0%)
Inflation (3.5%)
Specify (below)
Marginal tax bracket: (%)
Years to compare total costs:
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