Compare a ‘No-Cost’ vs. Traditional Mortgage

‘No-cost’ loans may be priced at a higher interest rate than a traditional mortgage. The higher rate allows the lender to make enough money on the interest rate spread to pay for all your closing costs and while still providing an acceptable profit margin. Use this calculator to help determine if a no-cost is more favorable than a traditional mortgage.

  • Calculator Introduction

    ‘No-cost’ loans may be priced at a higher interest rate than a traditional mortgage. The higher rate allows the lender to make enough money on the interest rate spread to pay for all your closing costs and while still providing an acceptable profit margin. Use this calculator to help determine if a no-cost is more favorable than a traditional mortgage.

  No-Cost Loan (0% - 40%) Tradtional Mortgage (0% - 40%)
Annual Interest Rate