Purchase
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
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.
Meet Chris Moylan
Senior Mortgage Advisor, Team Leader // NMLS #304773
With over 20 years in the mortgage industry, I have helped clients navigate multiple rate cycles, evolving underwriting standards, and every type of market condition. Experience matters in lending, especially when the decisions you make today impact your family for decades.
I am based in Maryland and licensed to assist families in all 50 states. Many of the clients I work with relocate frequently, particularly military families navigating PCS moves. Because of that, I have built my practice around long-term relationships rather than one-time transactions. If you are stationed in one state today and another two years from now, I am your lender for life.
A significant portion of my work focuses on VA lending. Entitlement strategy, funding fee structure, residual income analysis, assumptions, and IRRRLs all require experience and careful planning. My role is not simply to secure approval, but to structure the loan properly from the start.
I also work extensively with first-time homebuyers, move-up buyers, and seasoned homeowners. First-time buyers need clarity and education. Experienced buyers value efficiency and strategic structuring. My approach adjusts accordingly, but the standard remains the same: clear numbers, straightforward answers, and no surprises at closing.
The majority of my business comes from repeat clients and referrals. That trust is earned through accessibility, consistency, and steady guidance from start to finish.
When you work with me, you work directly with me. No call centers. No confusion. Just experienced guidance and a relationship you can rely on through every move, every refinance, and every stage of homeownership.
