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Total Borrowing Cost Estimator
CostSee the full picture — every dollar in interest and fees over your mortgage term.
Mortgage Details
$
%
Length of the mortgage term
years
Fees & Closing Costs
$
$
$
$
Total Cost of Borrowing
$123,000
over 2 years
Monthly Payment
$4,375
Interest only
Cost Breakdown
Term interest (2 yr)$105,000
Fees
Lender fee$10,000
Broker fee$5,000
Legal fee$2,500
Appraisal fee$500
Total fees$18,000
Total cost of borrowing$123,000
Effective rate: 10.50% stated rate. Fees increase the all-in cost of borrowing beyond the stated rate. Ask your broker for the full disclosure statement.
This calculator provides estimates only and does not constitute a mortgage offer, pre-approval, or commitment. Actual rates, terms, and eligibility depend on a full review of your application. Consult a licensed mortgage professional for personalized advice.