This calculator compares the total cost of two fixed-rate purchase mortgages over a specified future period. It allows upfront costs to be financed, and an optional interest-only period at the beginning. This calculator is for borrowers trying to decide which of two fixed-rate mortgages they should select based on the lowest total cost over a specified future period.

This calculator compares the total cost of a new adjustable rate mortgage with that of a new fixed-rate mortgage, over a specified future period. This calculator is for borrowers trying to decide whether they should select an adjustable rate mortgage (ARM) without negative amortization or a fixed rate mortgage (FRM) based on the lowest cost over a specified future period.