Curious about what loan option makes the most sense for you? Test it out by using our Comparison Mortgage Calculator…
Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!
Total cost after
1 year
years
TOTAL COST
YEARS
Option A
$/mo
Loan Type
Loan Amount
$
Interest Rate
%
Upfront Cost
$
Monthly Payment
$
Lifetime Cost
$
Option B
$/mo
Loan Type
Loan Amount
$
Interest Rate
%
Upfront Cost
$
Monthly Payment
$
Lifetime Cost
$
Estimated Costs
These costs are estimated based the information added in the advanced section. You may adjust these values to suit your particular situation in order to get a more accurate estimate.
Loan Option A
Loan Option B
Loan Amount
$
$
Down Payment
$
$
Interest Rate
%
%
Loan Term
years
years
Taxes & Insurance Included?
Property Tax(1st year)
$
$
Home Owners Insurance(1st year)
$
$
HOA dues
$
$
Home Appreciation
%
%
Upfront Fee
$
$
Total upfront fees
$
$
Total Interest Payments
$
$
Total Principal Payments
$
$
Lifetime Cost
$
$
How We Calculate the Costs
Comparing Mortgage Options
This calculator helps you compare two different mortgage options. It takes into account various factors for each option:
Loan Details:
- Loan type (Conventional, FHA, VA, USDA)
- Loan amount
- Interest rate
- Loan term
- Down payment amount
- Property taxes
- Homeowners insurance
- HOA fees
- Private Mortgage Insurance (PMI) if applicable
- Conventional loans: Typically closing costs (2-5% of loan amount)
- FHA loans: Upfront Mortgage Insurance Premium (UFMIP) of 1.75% of the loan amount
- VA loans: VA Funding Fee (varies based on down payment and use)
- USDA loans: Upfront guarantee fee of 1% of the loan amount
- Monthly mortgage payment (principal and interest)
- Total interest paid over the life of the loan
- Total cost of the loan (including upfront fees, monthly payments, and additional costs)
- Annual home appreciation rate: %
- Monthly payment
- Total upfront costs
- Total cost over the life of the loan
- Break-even point (if applicable)
Check out our other mortgage calculators
Access our top-rated mortgage calculators to expertly assess your financing options, compare various loan types, and make informed decisions for your home buying journey.
Kozel Mortgage Team powered by GoRascal
NMLS #2072896
The Drew Kozel Team is built on one simple belief. Mortgages should make sense.
Led by Drew Kozel, our team focuses on clear education, honest guidance, and real plans. No sales pressure. No industry jargon. And no mystery math that leaves you guessing.
We specialize in helping borrowers with complex situations, especially self-employed borrowers with write-offs, retirees exploring reverse mortgage options, and individuals navigating home financing during or after divorce. These are the scenarios where most lenders get uncomfortable. This is where we do our best work.
That said, we also help buyers using conventional, FHA, and VA loan programs. Whether your situation is straightforward or layered, our process stays the same. Explain the options. Clarify the trade-offs. Build a plan that actually fits your life.
If you can’t qualify today, we don’t shut the door. We map out a clear path forward so you know exactly what needs to happen next.
Our approach is simple and transparent. We break everything down in plain English, focus on what actually matters, and guide you step by step so you stay in control of the process. Clients often tell us they feel calmer, more confident, and finally understand their financing after just one conversation.
At the end of the day, our job is simple.
Help you understand your choices.
Avoid costly mistakes.
And move forward with clarity.
No hype.
No confusion.
Just a smarter way to approach home financing.
Drew Kozel
Mortgage Broker // Â NMLS #1595185
We’re here to help you make finding a mortgage, refinancing your home, navigating the VA loan process and much more painless! Centered on service and building relationships you can expect responsiveness and a partner in this process who has your back. Whether you need advice on rebuilding credit or purchasing your first investment property, we are positioned to help you be successful.
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