Build two loan scenarios side by side and see the real difference.
Below 20% — PMI applies
Monthly Payment
$3,439/mo
Total Interest
$565,011
Payoff Date
May 2056
PMI drops off
Nov 2034 · saving $270/mo
Monthly Payment
$2,810/mo
Total Interest
$480,583
Payoff Date
May 2056
Credit Union costs $630/mo less per month.
Credit Union saves $84,428 in total interest.
$3,439/mo total · $565,011 interest · May 2056 payoff for Bank Offer · $2,810/mo total · $480,583 interest · May 2056 payoff for Credit Union