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| If you use E-Loan to get a custom quote, you can easily compare two loans. Go to this site (www.eloan.com) and click the link for Home Purchase. Enter the data for the quote (loan type, amount, and property location, use, and type). Then click the Search Rates button. When you see the results, check the two loans you want to compare. (This figure shows just the first loan checked. Be sure to check two loans for comparison). Then click the Compare Loans button. |
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| You see the two loans you have selected to compare. You can select the time period to compare and the type of comparison from the drop-down lists. Do this and then click the Compare button. |
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| You see the results of the loan. The first part summarizes the loan terms. |
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| If you scroll down the page, you can see a table and chart comparing the mortgage payments. |
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| If you scroll further down the page, you can see a table and chart comparing the interest costs. |
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| E-Loan is handy if you plan to get a loan through one of these lenders. If you are getting a loan the traditional way (not through the Internet), you still need to comparison shop. You can find a handy worksheet listing the key elements to compare at Realtor.Com. Type www.realtor.com and press Enter. Click the Link for Do the Main under the For Consumers heading in the main part of the home page. Then click the Mortgage Comparison Chart link. You can print the worksheet and use it to compare loans. |
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United States
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