Real estate blog entries tagged with comparison by Don Carter (All Star Mortgage, LLC)

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Home : Blogs : Don Carter : The Haverhill Mortgage Blog : Tag "comparison"

comparison: Evaluating a Mortgage Cost - 07/06/07 11:21 AM

With the plethora of mortgage terms available today, including terms of 40, even 50 years, how do you compare the overall cost of one mortgage versus another? It's actually pretty simple - but before you do, you need to assess what the expectancy of the mortgage life is. In other words, how long do you plan on keeping the loan. For the purpose of demonstration, I'll use a 5 year term as that is about the average today.
Let's compare a 30 year fixed with a 40 year fixed, and assume that the loan amount, closing costs, etc., are all the same. The … (3 comments)

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Don Carter

Haverhill, MA

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All Star Mortgage, LLC

Office Phone: (978) 853-7066

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My first effort at blogging is intended to provide readers with timely, relevant, and occasionally entertaining information about a variety of topics, including mortgages, real estate, and whatever else I happen to be interested in at the moment. I hope you enjoy it!

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