Compare Mortgage Options

Real Estate
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Overview

This template allows users to compare the financial impact of different mortgage options. It calculates the monthly payment and total interest for each type of loan, based on current interest rates. Users can quickly see the benefits and drawbacks of each option, from the stability of a fixed-rate mortgage to the initial affordability of a 5/1 ARM.

Key features:

  • Calculates payments and total interest for each mortgage type.

  • Highlights pros and cons to help users make informed decisions.

  • Compares long-term vs. short-term cost benefits.

How to use:

  1. Review the interest rates for each mortgage option.

  2. Compare the monthly payment and total interest for a $300,000 loan.

  3. Assess the pros and cons to determine which mortgage fits your financial goals.