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Merrill Lynch CreditAdvisor® - Mortgage Comparison Calculator

Compare Home Financing Alternatives
with the Merrill Lynch CreditAdvisor®
Mortgage Comparison Calculator

Are you aware that there’s more to home financing than just financing your home? Mortgages are an integral part of your overall financial strategy. Different financing alternatives may affect your cash flow and long-term investment strategy.
The Merrill Lynch CreditAdvisor® Mortgage Comparison Calculator enables you to easily make powerful side-by-side comparisons between mortgage alternatives and consider how different mortgage product choices can impact your financial situation. Simply provide the data requested below and click on the "Compare Products" button at the bottom of the page.
This tool, along with a Merrill Lynch Financial Advisor, can help you make informed choices for your overall financial situation.  Visit the Contact Us page if you would like to e-mail us a question or comment about the Mortgage Comparison Calculator.
 
Rates are as of 2/3/2012 9:30 AM. ENYCMWEMLB03
 
Important
Projections are based on investment returns and interest rate assumptions, which may vary significantly from actual interest rates and returns. Make sure to consider alternate assumptions to better understand potential outcomes. The footnotes to the comparison you will create include important disclosure information (including APR) for products offered by Merrill Lynch Home LoansTM based upon interest rates available as of the date of this comparison. See Important Loan Disclosures.
General Information
Property Value/Purchase Price$
How many years do you plan to live in the home or
hold the mortgage?   (the "Holding Period")		  years
Expected return on investments (Maximum of 15%)   %
Number of products to compare 

Product and Down Payment Comparison
Product One
Select Product
Down Payment/Current Equity
Percent      Dollar Amount
%
Loan Amount Loan-to-Value
Conforming

Interest Rate Comparison
Product One
Select Rate/Point Combination

Home Financing Product Today's Interest Rates Historical LIBOR Charts

1 In order to provide a more accurate comparison, it is important to consider future rate adjustments. If the "holding period" extends beyond the initial or interest-only period of the loan, you will need to consider the Adjustment Interest Rate.
2 The pre-populated Initial Adjustment Interest Rate is calculated as follows:
  • 3-Year Term ARM Conforming - 1 year LIBOR index plus a margin of 2.25%
  • 3-Year Term ARM Non-Conforming - 6 month LIBOR index plus a margin of 2.25%
  • 5/7/10 Term ARM - 1 year LIBOR index plus a margin of 2.25%
3 Manual rate scenarios will consider product specific periodic and lifetime rate caps and will make rate adjustments only at product specific adjustment intervals (i.e., every 6 months).
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   Investment products:

Are Not FDIC Insured

Are Not Bank Guaranteed

May Lose Value


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