Cost Difference Calculator
This mortgage calculator lets you compare the total cost difference of two separate interest rates over any given term.
Inputs |
|
|---|---|
| Mortgage Rate #1 (%) | |
| Mortgage Rate #2 (%) | |
| Compounding (Rate #1) | |
| Compounding (Rate #2) | |
| Mortgage amount | |
| Term (years) | |
| Amortization (years) | |
| Cost Difference* |
* The cost difference equals the present value of the interest cost difference between the two rates. The rate used to discount all payments to present value is the lower of the two rates.