LOAN OFFER COMPARISON

Which loan fits your plans?

Compare the interest rate, total loan costs and payments side by side. For a refinance, costs start out included in the new loan balance.

Jay Ruess · Branch Manager, West Capital Lending
NMLS #1420294 · DRE #01808757 · Updated October 25, 2026

A lower rate can come with higher costs.

Compare the same amount needed before fees. See how the rate and loan costs work together over the time you plan to keep the loan.

Mortgage and other debts? Use the debt consolidation calculator →

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Set your amount and timeline

Use the same borrowing amount so the comparison is fair.

Amount you need to borrow ($)For a refinance: existing loan payoff + any cash out, before loan costs. For a purchase: price minus down payment.

How long will you keep the loan?

Or enter your own number of yearsCompare the time until you expect to sell, pay off or refinance (1–40 years).

Compare rate and total loan costs

Loan costs are included in the balance by default. Use each offer’s total costs after lender credits; choose cash or split payment if applicable.

Offer A

The starting example has a higher rate and lower loan costs.

Interest rate (%)Example rate only. Ask Jay for current rates. Use the interest rate, not APR.

Loan term (years)

Total loan costs after credits ($)Include points, lender and third-party loan fees after credits. Exclude down payment, escrow deposits and prepaid items.

How are these costs paid?

Mortgage insurance (if required)

Monthly mortgage insurance ($)Use the amount from the offer. This tool holds it constant until the duration below ends.

Months of mortgage insuranceOptional. Blank means the full loan term. Enter a duration only after confirming it with your lender.

Offer B

The starting example has a lower rate and higher loan costs.

Interest rate (%)Example rate only. Ask Jay for current rates. Use the interest rate, not APR.

Loan term (years)

Total loan costs after credits ($)Include points, lender and third-party loan fees after credits. Exclude down payment, escrow deposits and prepaid items.

How are these costs paid?

Mortgage insurance (if required)

Monthly mortgage insurance ($)Use the amount from the offer. This tool holds it constant until the duration below ends.

Months of mortgage insuranceOptional. Blank means the full loan term. Enter a duration only after confirming it with your lender.

Compare what matters to you

Lower payments can come with higher fees or more interest. See the tradeoffs together.

How the calculation works

The model uses scheduled monthly principal and interest, your entered mortgage-insurance amount and duration, and your entered loan costs. Financed fees increase the starting balance. Payments stop when the loan is paid off.

It does not model adjustable rates, interest-only periods, temporary buydowns, balloon payments, prepayment penalties or extra payments. It does not calculate APR. Actual lender calculations, mortgage-insurance changes and payment rounding may differ. It cannot assess approval, affordability or the best loan for your situation.

For a purchase budget that includes taxes, homeowners insurance and HOA dues, use the monthly housing payment calculator. For different down payments, loan proceeds or complex structures, have Jay compare the complete scenarios.

Educational references: CFPB Loan Estimate explainer, points and lender credits, and interest rate versus APR.

YOUR NEXT STEP

A comparison worth understanding.
A person you can reach.

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