These offers are invented so you can see how a comparison reads. Pick how long you expect to keep the loan and the figures update.
Costs below cover this period.
With one offer shown there is nothing to rank, so no leader labels appear.
The lowest modeled financing cost is $206.76 below the next offer at this timeframe.
Payment recovery: month 86. When lower payments have recovered the extra money paid upfront.
Financing-cost crossover: month 66. When interest and confirmed fees add up to less. This also reflects the difference in debt remaining.
The lower rate also pays down more principal each month, so financing-cost crossover happens earlier than payment recovery in this example.
A different offer leads each measure. Which one fits depends on how long you keep the loan and how much cash you have at closing.
Cedar Example Lending · 6.125% note rate
$2,430.44
Monthly principal and interest
Lowest modeled cost at 5 years (60 months)
Harbor Example Mortgage · 5.875% note rate
$2,366.15
Monthly principal and interest
Maple Example Credit · 6.250% note rate
$2,462.87
Monthly principal and interest
These offers are synthetic. Real offers have quote dates and can expire, and we cannot guarantee that any quote is available or authentic.
Principal repaid, down payment, property taxes, homeowners insurance, ownership transaction costs, and escrow reserves are excluded. Loan-related settlement services are included as quoted. This is not the all-in cost of owning a home.
Financing cost is net upfront cost plus interest and confirmed mortgage insurance through the timeframe you chose. These examples have confirmed no mortgage insurance. This scheduled-payment projection retains unrounded figures internally and uses 0% discounting. Actual cent rounding and payment timing can vary slightly. The engine version is mortgage-purchase-1.0.0. See the methodology.