Calculate mortgage comparison for real estate investments and properties
Enter terms for two different mortgage options. The calculator compares monthly payments, total interest, and total costs to help you choose.
Compare 30-year at 6.5% ($2,271/month) vs 15-year at 5.75% ($2,992/month). 15-year saves $177,000 in interest despite higher payment.
15-year saves massive interest ($100k+) but has higher payments. Choose 30-year if you need flexibility or plan to invest the difference.
On $400k loan, 0.5% is about $120/month ($43,000 over 30 years). Always worth shopping lenders for better rates.
Fixed rate provides certainty. ARM offers lower initial rate but carries rate risk. Choose ARM if you'll sell/refi before adjustment or expect falling rates.