Build two loan scenarios side by side and see the real difference.
Below 20% — PMI applies
Monthly Payment
$2,964/mo
Total Interest
$565,011
Payoff Date
Jul 2056
PMI drops off
Jan 2035 · saving $270/mo
$27,270 total PMI paid
Monthly Payment
$2,335/mo
Total Interest
$480,583
Payoff Date
Jul 2056
Credit Union costs $630/mo less per month.
Credit Union saves $84,428 in total interest.
$2,964/mo total · $565,011 interest · Jul 2056 payoff for Bank Offer · $2,335/mo total · $480,583 interest · Jul 2056 payoff for Credit Union