Mortgage Comparison — Compare Two Mortgages Side by Side
Compare two mortgage offers including principal, interest, taxes, insurance, and PMI. Find the best deal for your home purchase. All calculations happen locally — nothing leaves your browser.
How to Use the Mortgage Comparison
- Enter home price and down payment for each mortgage option.
- Set interest rate and loan term — compare different lenders or terms.
- Add taxes, insurance, PMI, and HOA for a complete PITI comparison.
- Review the breakdown — see which mortgage costs less overall.
Frequently Asked Questions
PITI stands for Principal, Interest, Taxes, and Insurance — the four components of your monthly mortgage payment. Principal and interest go to the lender, while taxes and insurance are typically held in an escrow account.
Private Mortgage Insurance (PMI) is typically required when your down payment is less than 20% of the home's purchase price. PMI protects the lender if you default on the loan. Once you reach 20% equity, you can request PMI removal.
A 15-year mortgage has higher monthly payments but significantly lower total interest — you can save tens of thousands of dollars. A 30-year mortgage offers lower payments and more flexibility. Compare both to see which fits your budget.