Bancgroup Mortgage Logo   David A. Pellegrino, Mortgage Consultant for Bancgroup Mortgage Corporation
Today's Mortgage Rates:
  4.25% 30-Year Fixed Rate Conforming Mortgage 4.396% APR
  4.25% 30-Year Fixed Rate FHA Mortgage 4.922% APR
  3.75% 15-Year Fixed Rate Conforming Mortgage 4.001% APR
Indices: LIBOR -- 0.99%  Treasuries -- 0.27%  Prime Rate -- 3.25%
Updated on Tuesday, August 31, 2010 12:58:20 PM -- Assumptions

Loan Comparison
 
 
This calculator will help you to compare the total interest charges of four different loans over the life of the loan.

Instructions: To calculate the payment amount and the total interest of any fixed term loan, simply fill in the 3 left-hand cells of the first row and then click on "compute." Use the other three rows to see what effects are produced by changing any one of the loan's original variables.  # of months = term in years * 12, i.e. 30-years * 12 = 360.  The "Total Interest" column represents the total amount of interest paid over the life of the loan.
# of
 months		 Interest
Rate		 Loan Amount Monthly
payment		 Total
Interest
% $ $ $
% $ $ $
% $ $ $
% $ $ $
 
   
   
   

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BancGROUPTM Mortgage Corporation is an Equal Housing Lender and Colorado, Illinois, Indiana, Wisconsin and Florida Residential Mortgage Licensee.

David A. Pellegrino -- Colorado Mortgage Loan Originator # 100017881 / National Mortgage Licensing System # 190983

1745 Shea Center Drive, Suite 130 Highlands Ranch, CO 80129-1537 -- Office: 303.542.1103 Fax: 303.542.1200

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