Compare mortgage terms (i.e. 15-year, 20-year, 30-year)
Different mortgage terms and rates can make the loan selection process confusing, especially if you don't plan on keeping the loan for the full term. Use this calculator to determine the total cost in today's dollars of various mortgage alternatives taking into account your opportunity cost of money.
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- Should I take out a fixed or adjustable rate mortgage?
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- Compare mortgage terms (i.e. 15-year, 20-year, 30-year)
- Compare a "no-cost" versus traditional mortgage
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