Use an equal net amount
Enter the amount advanced before financed closing fees, then enter those fees separately. Compare the same loan purpose, property, lock period and relevant costs. Unequal net loan amounts produce a comparability warning rather than a lender recommendation.
Read borrowing cost and cash flow separately
Borrowing cost is modeled interest plus cash-paid and financed fees. Principal payments reduce debt but still consume cash. Other monthly housing costs are displayed separately and assumed constant throughout the selected horizon, even if the mortgage pays off earlier.
Excluded contracts and charges
The tool handles fully amortizing fixed-rate loans with monthly payments. It does not reproduce variable-rate resets, interest-only periods, balloons, reverse mortgages, changing insurance, taxes, prepayment penalties or a regulatory APR calculation. Enter and review those separately with the provider.
Use the comparison workspace
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Program references and comparison sources
Check the linked source for its effective date and applicable scope. A source link is not a lender partnership or an individual offer.