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Discover the better option between loans

In addition to the calculated monthly payments, annual percentage rate (APR) offers a good apples-to-apples comparison between loans. APR takes into account the varying discount points, closing costs and fees that are typically added into the loan amount and financed over the term of the loan. If the fees are paid "out-of-pocket" then the APR will be the same as the stated interest rate. Use this calculator to help determine the best loan option for you.

Loan Assumptions

Loan 1Loan 2Loan 3
Original loan amount ($)
Term (in years)
Annual interest rate

Traditional Closing Costs

Loan 1
(0% to 5%)
Loan 2
(0% to 5%)
Loan 3
(0% to 5%)
Discount points
Origination fee
Lender fees (processing/underwriting) ($)
Title insurance ($)
Other fees and costs ($)

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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