CEFCU Mortgage Calculators and Rates


CEFCU Online Banking » CEFCU Mortgage Calculators and Rates
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CEFCU mortgage calculators are offered to help users in determining the most financially sound home financing options available to them.

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Rates

Users should apply online, visit a branch location, or get in touch with a customer service representative in order to receive up-to-date interest rate details.

Calculators

How to Calculate

Fifteen year mortgages are a common home financing option that typically feature low interest rates but higher monthly payments. This calculator can be used to determine if a fifteen year mortgage is a good type of loan for an individual to apply for. The following variables must be altered:

  • Amount of mortgage

  • Tax rate (marginal)
  • Interest rate (15 years)
  • Interest rate (30 years)

This calculator will automatically calculate results when one of the above variables are altered. Alternatively, users can click on the ‘Calculate’ button located directly above the calculator.

If an individual already knows an approximate loan amount that they wish to receive, they can use this calculator to determine what the estimated monthly payments would be for that loan. Enter data for the following inputs:

  • Amount of mortgage
  • Term length (years)

  • Interest rate
  • Property tax (annual)
  • Home insurance (annual)

Results will automatically be generated as the variables are changed within the calculator. Users can also click the ‘Calculate’ button to see their results.

A common strategy to increase interest savings is to increase the amount put towards monthly mortgage payments. This calculator presents an estimation of how much money an individual can save by increasing their monthly payments. The following data is required:

  • Years left on mortgage

  • Original term length (years)
  • Original total amount
  • Extra monthly payment(s)
  • Interest rate (annual)

Although this calculator automatically calculates results as the variables are altered, users can also click on the ‘Calculate’ button located directly above the calculator to view their results.

Used to determine how large of a mortgage an individual can most likely afford, based on numerous variables. Enter the following into the appropriate inputs:

  • Annual income (gross, combined)

  • Monthly credit card payments (minimum)
  • Vehicle payments
  • Other payments (fixed)
  • Down payment total (percentage or dollar amount)
  • Interest rate
  • Term length (months or years)
  • Insurance costs (monthly)
  • Association dues (monthly, if applicable)
  • Annual tax (property, percentage or dollar amount)

Results will automatically be generated as the variables are changed within the calculator. Users can also click the ‘Calculate’ button to see their results.

 

 

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