Mortgage Broker Fee Calculator

Compare the cost of using a broker vs going direct to a lender.

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Broker Fee Analysis

Enter the loan amount and broker fee details.

Total cost comparison
Broker saves $0
Broker total: $0 · Direct: $0
Broker monthly payment
$0
Direct monthly payment
$0
Broker total cost
$0
Direct total cost
$0
Broker fee amount
$0
Savings from lower rate
$0

Worked example

With the default inputs shown below, this calculator returns the following results:

InputValue
Loan amount ($)$400,000
Broker fee (%)1%
Broker rate (%)6.5%
Direct lender rate (%)6.75%
Loan term (years)30 years
ResultValue
Total cost comparisonBroker saves $19,803
Broker monthly payment$2,528
Direct monthly payment$2,594
Broker total cost$914,178
Direct total cost$933,981
Broker fee amount$4,000

Values shown are produced by this page in your browser; change any input to update them.

How to use the Broker Fee Analysis

  1. Loan amount ($) — default $400,000
  2. Broker fee (%) — default 1%
  3. Broker rate (%) — default 6.5%
  4. Direct lender rate (%) — default 6.75%
  5. Loan term (years) — default 30 years
  6. Press Calculate to update the results instantly.

Frequently asked questions

Sources & references