How to Compare Mortgage Offers
Rate alone doesn't tell the whole story. A 6.5% rate with $2,000 closing costs can be better than 6.25% with $8,000 fees. Always compare total lifetime cost (payments + closing) to pick the true winner.
15 vs 30-Year
15-year mortgages typically have 0.5-0.75% lower rates and save massive interest — but monthly payments are 50%+ higher. The 15-year is cheaper lifetime unless you invest the difference at above-mortgage return.
Points and Buydowns
Each discount point (1% of loan amount upfront) typically drops the rate 0.25%. Worth it if you'll stay in the home 5+ years. Temporary buydowns (2-1 or 3-2-1) lower rates for the first years only.
FAQ
Does this include taxes and insurance?
No — only principal and interest. PITI (with taxes, insurance, PMI) is 20-30% higher than just P&I.
Try Also
Why Use This Mortgage Comparison?
The Mortgage Comparison runs entirely in your browser, which means three things matter for you. First, it's instant — there's no server round-trip, no upload, no waiting on someone else's queue. Second, it's private — nothing you enter ever leaves your device, which makes it safe for sensitive numbers, draft copy, or files you don't want sitting on a third party's servers. Third, it's free forever — no signup, no email capture, no "basic vs. pro" upsell. Open the page, get the answer, close the tab.
Common Use Cases
- Everyday lookups when you need a fast, reliable answer without installing an app
- Cross-checking results from another tool or spreadsheet when accuracy matters
- Quick reference during work calls, school assignments, or planning sessions
- Sharing the link with a colleague or friend who needs the same answer
- Bookmarking for repeat tasks that come up regularly throughout the week
Privacy & How Your Data Is Handled
Every calculation and every transformation in the Mortgage Comparison runs locally in your browser using standard JavaScript. We don't upload your input to any server, we don't log it, and we don't pass it to a third-party API. The tool works the same whether you're on a fast home connection or completely offline once the page has loaded. If you want to verify this for yourself, open your browser's network tab and run the tool — you won't see any outbound request carrying your data.
Frequently Asked Questions
Is the Mortgage Comparison really free?
Yes. Every tool on ClickSolveTools is free with no signup, no email capture, no paywalled "pro" features, and no usage limits. We don't sell your data and we don't run ads inside the tool itself.
Does the Mortgage Comparison work on my phone?
Yes. The Mortgage Comparison is mobile-first and works in any modern browser on iOS, Android, Windows, Mac, Linux, and ChromeOS. Inputs are touch-friendly, the layout is fully responsive, and nothing requires a desktop-only feature to function.
Do I need to sign up or install anything?
No. There's no account, no extension, no app to download. Open the page in any browser, use the tool, and close the tab when you're done. Your usage isn't tied to a profile.
Is my data safe?
Everything runs locally in your browser. We don't transmit your inputs, calculations, or files to any server. You can use the tool with full confidence even for sensitive information.