Commerce Bank Mortgage Rates and Calculators


Commerce Bank Online Banking » Commerce Bank Mortgage Rates and Calculators

Commerce Bank Mortgage Calculators help those who what to purchase or refinance a home to select the best mortgage terms based on their individual financial situation. While the calculators do not take into account all the factors that inform the decision to take a loan, they are a great place to start.  For more information about the mortgage products available to customers call customer service at 1-800-453-2265 or visit a branch location.

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Rates

Customers interested in taking out a mortgage with Commerce bank can get an estimate of applicable interest rates by filling in the check rates form. A residential loan representative from the bank will get in touch as soon as possible.

Commerece Bank Mortgage Rates

Mortgage Rates Application Form

Calculators

How to Calculate

Mortgage applicants can use this tool to determine what their monthly payments will be for the lifetime of the loan. The entries below are required for computation:

  • Mortgage amount
  • Interest rate
  • Term
  • Home insurance
  • Property taxes

Click “Calculate” to view payments. For detailed results, click “View Report”.

The decision to rent or buy is often tricky. This calculator helps users to determine which if the two options is better given their financial situation. The variables listed below are needed for computation:

  • Interest rate
  • Purchase price
  • Loan term
  • Home insurance
  • Property tax rate
  • & maintenance fees

Click “Calculate” to compute. For detailed results, click “View Report”.

 

This calculator helps users to establish whether consolidating their loans using a mortgage is a good idea. The inputs listed below are required:

  • Credit card debt
  • Installment loan debt
  • Mortgage loan debt
  • New consolidated mortgage loan
  • Home equity loan amount
    • Payment
    • Interest rate
    • Term
    • Tax rate

Click “Calculate” to compute. For detailed results, click “View Report”.

 

This tool helps users determine what loan term works best for them between a 15 year and 30 year mortgage. The entries listed below are required.

  • Mortgage amount
  • Your marginal tax rate
  • Interest rate for 15 years
  • Interest rate for 30 years

Click “Calculate” to compute. For detailed results, click “View Report”.

 

This calculator helps users determine whether refinancing their home will help them save money. The following variables are needed to compute:

  • Original loan amount
  • Original interest rate
  • Appraised value
  • Term in years
  • Income tax rate
  • Years remaining

Click “Calculate” to compute. For detailed results, click “View Report”.

 

This calculator helps users determine how much they will be saving by increasing their monthly payments.  The following entries are needed:

  • Years remaining
  • Original mortgage term
  • Original mortgage amount
  • Additional monthly payment
  • Annual interest rate

Click “Calculate” to compute. For detailed results, click “View Report”.

 

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