Make better decisions about your home buying and refinancing options with these easy-to-use tools showing how different loan types and terms work.
Start smart with an estimate of what you can afford – factors include monthly income, expenses, fees and mortgage rates.
Calculate an estimated loan amount and the associated mortgage payments so you can evaluate a range of borrowing amounts.
Determine the effect of your down payment on a home with respect to the total interest paid and whether you’ll need Private Mortgage Insurance (PMI).
Understand how closing costs for refinancing your loan compare to the potential interest savings over the term of the loan.
One of the key questions asked today – this calculator helps factor taxes, insurances, fees and other variables to arrive at a practical answer.
Compare the monthly mortgage payment for fixed- and adjustable-rate mortgage (ARM) loans, given the terms of the loans.
Timing is everything — with a shorter term mortgage you will be paying less interest but a higher monthly payment. Take the time to assess which mortgage term is better for you.
You have many choices when choosing a loan. Compare the overall cost and monthly payments of a traditional, fixed rate mortgage loan with an interest-only loan over time.
You can assess which of two mortgage loans may be better suited for you — for either fixed-rate or adjustable-rate (ARMs).
Understand how points paid up front at closing could make a difference for you over the long term.
Extra payments will accelerate your pay-off schedule. With this calculator, you can determine how long it will take to pay off the loan with and without making extra payments and compare total mortgage interest paid.
Estimate monthly payments for PMI given a range of down payment amounts, PMI is required when the Loan To Value (LTV) ratio is greater than 80%.
Calculate your monthly mortgage payment for a given purchase price, down payment, interest rate, and loan term.
Estimate how much adjustable rate payments would be over time to help decide if this loan is right for you.
Calculate the mortgage settlement charges (or closing costs) for a given set of loan terms, including an amount for private mortgage insurance (PMI) if required.
Determine if refinancing is right for you by understanding the costs of refinancing your mortgage, based on your current interest rate, a new interest rate and closing costs.
Estimate monthly mortgage payments for an interest-only loan, where you pay only interest and none of the loan balance for an initial period of time.
Estimate your monthly payments for a Federal Housing Authority (FHA) loan, which includes financing upfront and annual required mortgage insurance premiums.
Estimate your monthly payments for a Veterans Affairs (VA) home loan, assuming that the VA funding fee is financed as part of the loan amount instead of paid in cash.
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