This calculator will help you understand the difference mortgage interest rates can make on the cost of your loan. With this tool, you can compare monthly payments and interest costs of home mortgages at up to five interest rates simultaneously.
Enter the mortgage principal amount and the length of the mortgage in years. Then, either enter a starting interest rate and select the percentage to increment the comparison rates, or enter a rate for each of the five “Interest Rate” fields.
Disclaimer: These calculators are for information purposes only. Consult a financial professional for further advice.