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County Line Realty
532 E. Main Street
Bullard, TX 75757
Phone: (903)894-8141
Fax: (903) 894-8269
GRI stands for Graduate REALTORS® Institute. The GRI designation acknowledges REALTORS® who have completed a comprehensive education program that provides practical real estate training. This program is above and beyond the education required to earn a real estate license.An arrangement by which real estate brokers place their listings together so that all members of the multiple-listing service have an opportunity to sell properties listed by other members of the service.A real estate agent is a REALTOR® when he or she becomes a member of the NATIONAL ASSOCIATION of REALTORS® (USA) or the Canadian Real Estate Association (Canada). The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics.Hold mouse over logo for description.

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Mortgage Calculator     
Calculators Provided by: IMAGEPROWEBSITE.COM

Which Loan is Better?

Input Information
  Loan 1 Loan 2
Amount : ($)
Interest Rate : (%) (%)
Length : (Yrs) (Yrs)
Points : (%) (%)
Origination Fees : (%) (%)
Closing Costs : ($) ($)

Financial Analysis (Switch to Plain English)
  Loan 1 Loan 2
Points Value $2,500.00 $3,750.00
Origination Fees $0.00 $1,250.00
Total Closing Costs $3,700.00 $5,700.00
Amount Financed $250,000.00 $250,000.00
Monthly Principal & Interests : $1,122.61 $1,266.71
Total Monthly Payments : $404,140.22 $456,016.78
Payment Savings : $51,876.56 $0.00
Plain English Help (Switch to Financial Analysis)

While shopping for a home mortgage loan, you will be presented with different loan options. Plugging this information into the loan comparison calculator will allow you to determine which one is the best option for you.

If your loan is for $250,000.00, you might be able to choose a 30 year loan with an interest rate of 3.500%, with 1.000 point(s), and a closing cost of $1,200.00. Or, you might be offered a 30 year loan with an interest rate of 4.500%, with 1.500 point(s), an origination fee of 0.50%, and closing costs of $700.00.

With the first loan option, your total closing costs will actually be $3,700.00, while the second loan will cost $5,700.00 at closing. The first loan would come to $1,122.61 per month and the second loan would be $1,266.71.

When all is said in done, you will also pay less with the first loan. In fact, you will SAVE $51,876.56 with the FIRST loan because the first one would cost a total of $404,140.22 and the second would be $456,016.78.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.