Looking For Online Mortgage Calculator To Compare Costs

[Gil Happy]

Hello,

I am looking for a specific type of online mortgage calculator - I am looking for one that can compare the costs between 2 different mortgages. To explain, I have been provided numbers on a 30 year fixed mortgage between 2 different lenders; one has a lower rate and higher fees, and the other is a higher rate and lower fees. I recall seeing a calculator where you could enter the numbers and it would then tell you how long you would need to keep the house until the lower rate / higher fee mortgage would make more sense.

If anyone knows where to find this calculator, I would surely appreciate it.

Thanks in advance!

[Gil Happy]

Thank you for the link to the bankrate.com calculator. Unfortunately I had tried that same one before posting my question. The problem is that calculator does not provide a number that says you need to be in your home x number of years before the loan with the higher origination fees will make sense over time... it only provides APR. I'm sure there is a correct term for what I'm trying to explain.