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Loan Comparison Calculator

No matter what your situation is, there is a home financing solution for you. We are ready to guide you through your options and get you the best deal possible!

Conventional

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FHA

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VA

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Jumbo

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Renovation

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USDA

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Reverse

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Reverse Second

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Mobile Home Loans

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How the process works

Simple. Transparent. Competitive.

From your first quote to closing day, you’ll always know exactly where you stand. No surprises. No pressure. Just honest guidance and competitive financing.

1

Documentation

There are a few critical documents we will need to verify to start your process.

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2

Appraisal

The appraisal ensures the home you are buying is worth the price that is being offered.

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3

Initial Underwriting

The Underwriter will verify that all information is accurate and authentic.

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4

Conditional Approval

Conditional Approval is granted when the Underwriter approves the loan under certain conditions.

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5

Clear To Close

The Underwriter verifies that all documentation has been provided and all conditions have been met.

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6

Closing

Signing the final documentation and receiving the keys to your new home!

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Curious about what loan option makes the most sense for you? Test it out by using our Comparison Mortgage Calculator...

Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!

Loan Option A
Loan Type
Rate Type
$
$50,000 $2 Million
$
%
0% 80%
Loan Term
%
0% 20%
  • Active/Veteran
  • National Guard/Reserve
  • Surviving Spouse
VA Specifics
Loan Option B
Loan Type
Rate Type
$
$50,000 $2 Million
$
%
0% 80%
Loan Term
%
0% 20%
  • Active/Veteran
  • National Guard/Reserve
  • Surviving Spouse
VA Specifics
Advanced (optional)
Credit Score
$
%
0% 5%
$
%
0% 20%
$ /month
Rate Adjustment Settings
Expected Rate Direction
%
0% 2%
%
2% 10%
%
0% 5%
Total cost after
Loan Option A: $0
Loan Option B: $0
years
Total cost over years
TOTAL COST
YEARS
Option A $/mo
Loan Type
Loan Amount $
Interest Rate %
Upfront Cost $
Monthly Payment $
Lifetime Cost $
Option B $/mo
Loan Type
Loan Amount $
Interest Rate %
Upfront Cost $
Monthly Payment $
Lifetime Cost $
Save & Email Results
Estimated Costs
These costs are estimated based the information added in the advanced section. You may adjust these values to suit your particular situation in order to get a more accurate estimate.
Loan Option A
Loan Option B
Loan Amount
$
$
Down Payment
$
$
Interest Rate
%
%
Loan Term
years
years
Taxes & Insurance Included?
Property Tax(1st year)
$
$
Home Owners Insurance(1st year)
$
$
HOA dues
$
$
Home Appreciation
%
%
Upfront Fee
$
$
Total upfront fees
$
$
Total Interest Payments
$
$
Total Principal Payments
$
$
Lifetime Cost
$
$
How We Calculate the Costs
Comparing Mortgage Options This calculator helps you compare two different mortgage options. It takes into account various factors for each option: Loan Details:
  • Loan type (Conventional, FHA, VA, USDA)
  • Loan amount
  • Interest rate
  • Loan term
  • Down payment amount
Additional Costs:
  • Property taxes
  • Homeowners insurance
  • HOA fees
  • Private Mortgage Insurance (PMI) if applicable
Upfront Fees The calculator considers upfront fees, which can vary based on the loan type:
  • Conventional loans: Typically closing costs (2-5% of loan amount)
  • FHA loans: Upfront Mortgage Insurance Premium (UFMIP) of 1.75% of the loan amount
  • VA loans: VA Funding Fee (varies based on down payment and use)
  • USDA loans: Upfront guarantee fee of 1% of the loan amount
These fees can often be rolled into the loan amount, which is an option in the calculator. Assumptions and Calculations The calculator makes several calculations and assumptions:
  • Monthly mortgage payment (principal and interest)
  • Total interest paid over the life of the loan
  • Total cost of the loan (including upfront fees, monthly payments, and additional costs)
  • Annual home appreciation rate: %
Comparison Metrics The calculator compares the two options based on:
  • Monthly payment
  • Total upfront costs
  • Total cost over the life of the loan
  • Break-even point (if applicable)
You can adjust the values in the calculator, including in the advanced settings, to better reflect your specific situation. This allows you to compare different scenarios, such as a 30-year fixed rate mortgage versus a 15-year fixed rate, or comparing loans from different lenders with varying terms and fees. Keep in mind that while this calculator provides a comprehensive comparison, your actual costs may vary based on your specific circumstances, credit score, and local market conditions. It's always recommended to consult with a mortgage professional for personalized advice.

Check out our other mortgage calculators

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Rate Buydown Calculator

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HELOC Calculator

Estimate your credit limit and monthly payments with our HELOC Calculator!

Mortgage Comparison Calculator

Compare different mortgage options side by side to find the best fit for your financial needs.

Refinance Comparison Calculator

Evaluate the potential savings and costs associated with refinancing your existing mortgage.

DSCR Investor Calculator

See what your investor ratio is with our DSCR calculator.

Adjustable Rate Mortgage Calculator

Determine your potential monthly payments and interest costs for an adjustable-rate mortgage over time.

VA Calculator

Estimate your monthly payments and total costs for a loan backed by the Department of Veterans Affairs.

Jumbo Calculator

Calculate your monthly payments and total costs for a jumbo mortgage that exceeds conforming loan limits.

FHA Calculator

Determine your potential monthly payments and total costs for a Federal Housing Administration loan.

Conventional Calculator

See the monthly payment and total cost for a conventional mortgage loan.

USDA Calculator

Calculate the costs and monthly payments associated with a USDA Rural Development loan.

203k Renovation Calculator

Analyze your debt service coverage ratio to evaluate the profitability of an investment property.

Peter Magana

Loan Officer  /  Real Estate Professional
NMLS #360514  //  Corporate DRE #0203944 Reppezent Inc. // Brokers DRE 01212473

petermagana25@gmail.comOffice: (800) 215-4819Cell: (213) 842-6847

Real estate professional, entrepreneur, and executive leader with more than 40 years of experience in real estate sales, investments, lending, business development, and operations. Founder and owner of multiple companies, with a proven record of launching businesses, growing sales organizations, negotiating complex transactions, and managing real estate ventures across California, Texas, Arizona, and El Salvador.

Reppezent Inc. | Founder/CEO | 2016 to Present

RiskNoMore.com, Inc. | Chief Executive Officer & President | 2007 to 2010
Founded and led team of construction to Flip Homes, Directed daily operations across of negotiations and management, sales, marketing, legal, governance, and media relations while overseeing the management and sale of company-owned foreclosed properties.

DBC Global Founder/CEO Real Estate RWA Tokenization El Salvador 2022 to Present

Ayden Holdings, Inc. | Chief Executive Officer & President | 2001 to 2010
Managed day-to-day operations for an investment and development company focused on acquiring, renovating, and reselling properties. Negotiated property purchases, supported profitable resale strategies, and oversaw the construction division responsible for rehabilitation and sale preparation, as well as sales and processing teams.

Windsor Real Estate Services, Inc. | President & Executive Managing Partner | 1994 to 2010
Joined the real estate sales and loan brokerage company as a mortgage loan processor and advanced into executive leadership. Led expansion from one office to three locations, helped launch the company’s real estate sales unit, and managed day-to-day activities for sales, loan processing, and escrow closing departments.

Good News Financial | Sales Agent | 1990 to 1994
Marketed real estate loan products to first-time homebuyers and refinancing clients throughout the greater San Gabriel Valley and eastern Los Angeles County. Supported retail loan production and home sales service activities.

Ameron International | Supervisor and Senior Lab Specialist | 1980 to 2002
Built a 22-year career with a global paint and chemical manufacturing company, advancing from an entry-level position to a senior role within the Research and Development Division.

Real Estate Courses and Seminars

  • Principles of Real Estate
  • Residential Construction
  • Appraisal 1
  • Real Estate Finance
  • Real Estate Practice
  • Real Estate Law
  • Escrow, Title, and Contracts
  • HUD/FHA Guidelines
  • Los Angeles Society of Coatings Technology

  • California Licensed Broker
  • Lending

  • Best-selling author recognized by The Wall Street Journal and USA Today
  • Knighted in 2022 as Sir Peter Magana
  • Founder of a nonprofit 501(c)(3) organization
  • One Legacy Ambassador
  • California Licensed Broker
  • Featured in the documentary Beyond Optimal Living
  • Beyondoptimalliving.com

Professional affiliations and community involvement include Stay Connected Network Group O/C, Orange County Hispanic Chamber of Commerce, National Association of Realtors, NAHREP Orange County, MLS memberships, One Legacy Ambassador, Keck Medicine of USC Support Group, and Knight of the Royal Order Principality of Cappadocia.