Which loan is better?
Loan 1
Loan 2
Term
Interest rate
%
%
Discount
points
%
%
Origination fee
%
%
Upfront costs
$
$
If loans have
adjustable rates
Months before first adjustment
Months between rate adjustments
Maximum rate adjustment
%
%
Minimum rate
%
%
Maximum rate
%
%
Margin
%
%
Index rate
%
Index rate change per adjustment
%
Months between index adjustments
Loan amount
$
Purchase price
$
Your state + federal
tax rate
%
Yearly
property tax
$
Yearly
property insurance
$
Years before you sell or pay off loan
Your
savings rate
%
Regarding loan one
Fixed rate mortgage
Adjustable rate mortgage
Interest rates will stay the same
Interest rates will increase
Interest rates will decrease
Regarding loan two
Fixed rate mortgage
Adjustable rate mortgage
Interest rates will stay the same
Interest rates will increase
Interest rates will decrease
