Central Bank Mortgage Rates and Calculators


Central Bank Online Banking » Central Bank Mortgage Rates and Calculators

Central Bank mortgage calculators will help an individual determine whether renting or purchasing a home is the better option, as well as whether or not they should refinance their current mortgage. Detailed information regarding the various types of mortgages offered by Central Bank can be found on this webpage.

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Rates

Current mortgage rates are available here. Use the ‘rate tracker‘ to receive updates when you are eligible for a Central Bank mortgage. For more detailed information regarding Central Bank mortgage loan offers and rates, get in touch with a loan officer.

Calculators

How to Calculate

The ‘Rent vs Buy’ calculator will help an individual determine whether they should rent a home or purchase one. Enter the following listed inputs into the appropriate fields within the calculator:

  • Current rent payment
  • Estimated annual increase
  • Purchase price of new home
  • Down payment
  • Interest rate
  • Loan term length in years
  • Estimated annual property taxes
  • Estimate annual repairs
  • Estimated inflation rate
  • Estimated investment return rate
  • Federal/state income tax rate
  • Years of comparison

Press the ‘Calculate’ button at the bottom of the calculator to load the results.

The ‘Mortgage Refinance Calculator’ will help the user determine whether or not it is a good time to refinance their mortgage loan, based on the following inputs:

  • Current mortgage balance
  • Remaining term on your loan
  • Interest rate
  • New loan term
  • New interest rate
  • Estimated closing costs
  • Length of home ownership

Click the ‘calculate’ button at the bottom of the calculator to generate the results.

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