Free · Uses your own quotes · Nothing saved

Points, down payment or cash in the bank?

Compare the loan quotes you actually have. See when buying points pays off, when a bigger down payment wins because it lowers your mortgage insurance, and what each choice costs over the years you'll really keep the loan.

Compare your quotes

Ask your lender for quotes on the same day that differ in only one thing: the down payment, or the number of points.
Fill in Option A completely from your first quote. For the other options, change only what's different; blank boxes copy Option A.
Set how long you expect to keep the loan, then read the results below the options.

Where to find each number on a Loan Estimate

Interest rate	Page 1, Loan Terms: “Interest Rate”
Down payment	Page 2, Calculating Cash to Close: “Down Payment/Funds from Borrower”
Points	Page 2, section A: “% of Loan Amount (Points)” (use the dollar amount)
Lender credit	Page 2, section J: “Lender Credits” (enter it as a positive number)
Mortgage insurance	Page 1, Projected Payments: “Mortgage Insurance”

No Loan Estimate yet? Ask your lender for a quote sheet with the same figures.

Home priceThe price you're offering, or a typical price in your range

Loan type

Loan term

How long you expect to keep this loan (years)Until you sell or refinance, whichever comes first. Not sure? Try 5, then 10, and see if the answer changes.

What your savings earn (%)Optional. The interest rate on your savings account, like 4. Leave 0 to ignore it.

Down payment ($)Dollars, not percent

Interest rate (%)The rate on the quote, not the APR

Points you pay ($)

Lender credit ($)

Mortgage insurance per month ($)PMI from the quote. $0 if you borrow 80% or less of the price.

Down payment ($)

Interest rate (%)

Points you pay ($)

Lender credit ($)

Mortgage insurance per month ($)PMI from the quote. $0 if you borrow 80% or less of the price.

Down payment ($)

Interest rate (%)

Points you pay ($)

Lender credit ($)

Mortgage insurance per month ($)PMI from the quote. $0 if you borrow 80% or less of the price.

For education only. This isn't a loan offer, a rate quote or a credit decision, and this site supplies no rates: every number is one you enter from your own quotes. Results are estimates that leave out taxes, homeowners insurance and tax effects. Loan pricing, mortgage insurance and seller-contribution limits depend on your lender and loan program; confirm them before you decide. Everything you type stays in this browser, apart from a draft that “Clear” removes. Built by Martin Kurylowski, REALTOR®, Real Broker, LLC. You're free to use any lender.