Comparing Loan Estimates or a refinance
Which loan offer is cheaper for the years you'll actually keep it?
You enter
- Up to three Loan Estimates: rate, points, lender credits and fees
- Refinancing? Your current loan, including any penalty for paying it off early
- Your shortest, most likely and longest time keeping the loan
You get
- Which option costs least at each of those timeframes, and by how much
- The month the cheaper option changes
- A year-by-year table of what each option has cost
Example · made-up numbers
Two Loan Estimates on a $400,000 loan
Offer A: 7.00% with 1.5 points ($6,000), $2,661 a month. Offer B: 7.375%, no points, $2,763 a month. Both have $3,500 of other costs.
From month 48 (4 years) on, Offer A costs less than Offer B. Before that, Offer B costs less.
| If you leave after | Cheaper | By |
|---|---|---|
| 3 years | Offer B | $1,476 |
| 7 years | Offer A | $4,602 |
| 10 years | Offer A | $9,146 |
Same calculation the tool runs. Example rates set in November 2026. Estimate, not a loan offer or financial advice.
Follows the CFPB's advice: compare total cost over the shortest, most likely and longest time you might keep the loan.
How it works and what it doesn't cover