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Loan comparison
Two mortgage offers, side by side — including the points you pay to get the lower rate, and how long it takes to earn them back.
iAll numbers shown are estimates only. They are not tax, legal, or financial advice. Consult a licensed California real estate agent and a CPA before relying on any figure for a real transaction.
Loan A
Loan B
Loan A
6.5% · 30 yr$3,160/mo
Lower paymentTotal interest$637,722
True cost (interest + upfront)$637,722
Total repaid over term$1,137,722
Loan B
5.75% · 15 yr$4,152/mo
Total interest$247,369
True cost (interest + upfront)$247,369
Total repaid over term$747,369
Loan B costs $390,353 less over its life.
Loan A is $992/month cheaper to carry. They disagree — the cheaper monthly payment is not the cheaper loan here, usually because it runs longer.
Principal and interest only. Excludes property tax, homeowner's insurance, HOA dues, and mortgage insurance, so it is not a full monthly payment. Rates and points come from your lender's Loan Estimate — compare that document, not an advertised rate. Not financial advice.