Morgage rate 3.3% with 1% cashback or motgage rate 2.94%

[dragonman]

If I bowrrow 100,000 for 3 year closed morgage, one choice is morgage rate 3.3% with 1% cashback and another is motgage rate 2.94%? which is bettter? Thanks.

 

[Fishottca]

If I bowrrow 100,000 for 3 year closed morgage, one choice is morgage rate 3.3% with 1% cashback and another is motgage rate 2.94%? which is bettter? Thanks.

能告诉那个银行给的这个利息吗

 

[苦逼热狗]

What's your amortization length and payment method?

For a 10 year mortgage for $100,000.00 at the rate of 3.30%, your Monthly payment is $978.47
Total Principal and Interest Payment for Term: $35,224.92
Total Principal Repayment for Term: $26,643.98
Total Interest Cost for Term: $8,580.94
Balance at End of Term: $73,356.02

For a 10 year mortgage for $100,000.00 at the rate of 2.94%, your Monthly payment is $962.02
Total Principal and Interest Payment for Term: $34,632.72
Total Principal Repayment for Term: $26,999.19
Total Interest Cost for Term: $7,633.53
Balance at End of Term: $73,000.81

 

[dragonman]

Thanks. From TD.

 

[dragonman]

Another choice is P-0.86 for 3 year closed.