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!
Total cost after
1 year
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
$
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
- Property taxes
- Homeowners insurance
- HOA fees
- Private Mortgage Insurance (PMI) if applicable
- 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
- 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: %
- Monthly payment
- Total upfront costs
- Total cost over the life of the loan
- Break-even point (if applicable)
Check out our other mortgage calculators
Access our top-rated mortgage calculators to expertly assess your financing options, compare various loan types, and make informed decisions for your home buying journey.
Pat Owen
President // Â NMLS #2239284
At Oak Knoll Lending, we believe that home financing should be personal, transparent, and built on trust. Founded and led by Pat Owen, Oak Knoll Lending was created with a vision to bring integrity and service back to the mortgage experience. With decades of experience in real estate and mortgage lending, Pat has guided clients through every market cycle, helping families and investors alike achieve their goals with clarity and confidence.
Our team specializes in residential and commercial mortgage solutions, offering a full range of loan products including Conventional, FHA, VA, USDA, Reverse, and Non-QM programs. Whether you’re a first-time buyer, a seasoned homeowner, or an investor expanding your portfolio, Oak Knoll Lending tailors financing options to fit your unique needs—not the other way around.
As an independent brokerage, we partner with top wholesale lenders nationwide, ensuring our clients receive competitive rates, flexible terms, and fast closings. But what truly sets us apart is our commitment to communication, education, and relationships. Every client is treated as a long-term partner, not a transaction.
At Oak Knoll Lending, we don’t just close loans—we build futures. Under the leadership of Pat Owen, our mission remains simple: to empower clients with expert guidance, personalized solutions, and a mortgage experience they can feel good about from start to finish.
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