Loan Comparison Calculator
Compare different financing options side-by-side to find the best deal.
Property Details
Comparison Results
| Metric | Conventional | DSCR Loan |
|---|---|---|
| Monthly P&I | $1,597✓ | $1,678 |
| Total Monthly (w/ PMI) | $1,597 | $1,678 |
| Upfront Costs | $4,000 | $7,400 |
| Total Interest | $334,821 | $364,121 |
| Total Cost | $578,821✓ | $611,521 |
| Effective APR | 4.71% | 5.16% |
Monthly Payment Comparison
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Investment Disclaimer
This calculator is for informational and educational purposes only. Results are estimates based on your inputs and do not constitute investment advice. Real estate investing involves risk, including potential loss of principal. Read full disclaimer
Comparing Loan Options
Not all loans are created equal. Different loan products have varying interest rates, terms, and fee structures that can significantly impact your total cost of borrowing and monthly cash flow.
When comparing loans, look beyond just the interest rate. Points, closing costs, and PMI requirements can make a "cheaper" rate actually more expensive over the life of the loan.
Common Loan Types for Investors
Conventional
Traditional bank loans with competitive rates, but strict qualification requirements. Best for W-2 borrowers with strong credit.
DSCR (Debt Service Coverage Ratio)
Qualifies based on rental income rather than personal income. Great for investors but typically higher rates.
Hard Money
Short-term, asset-based loans for fix-and-flip or BRRRR. High rates but fast closing and flexible terms.
Portfolio Loans
Loans kept in-house by local banks. More flexible underwriting but may have higher rates or shorter terms.
Key Metrics to Compare
Monthly Payment
Your recurring cost — important for cash flow analysis.
Total Interest
The true cost of borrowing over the life of the loan.
Effective APR
Includes all fees and points for a true cost comparison.