EECU Mortgage Rates and Calculators


EECU Online Banking » EECU Mortgage Rates and Calculators

EECU mortgage calculators allow users to determine various mortgage amortization details, whether renting a home is better than purchasing one, how much money can be saved from increasing mortgage payments, and how large of a mortgage they might be able to qualify for. Click here to view the selection of mortgage loans offered by EECU.

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Rates

EECU mortgage rates can be viewed on this page. Mortgage and home equity loans can be applied for online using this website.

 

Calculators

How to Calculate

Determines if the interest savings from refinancing a mortgage will be larger than the costs of refinancing that mortgage. Based on the following inputs:

  • Original loan amount
  • Original mortgage length
  • Date of loan
  • Current interest rate
  • Cash out amount on refinance
  • New interest rate
  • Points
  • Fees/closing costs
  • New loan term length
  • Income tax rate
  • Savings rate
  • Length of property ownership

Click the ‘Compute’ button at the bottom of the calculator to load the results.

Determines the approximate monthly payment amount on a fixed-rate mortgage. Enter the following variables on the calculator page: eecu-fixed-rate-mortgage-calc

  • Home price
  • Down payment amount
  • Loan term length
  • Interest rate

The results will display below the calculator once the ‘Compute’ button has been pressed.

Determines which option will save the most money, renting a home versus buying one. Enter the following inputs on the calculator page:

  • Monthly rent
  • Monthly renter’s insurance 
  • Rent increase per year eecu-rent-vs-buy-calc
  • Home price
  • Down payment
  • Interest rate
  • Loan term length
  • Points
  • Closing costs
  • Home information
  • Personal information

The results will display below the calculator once the ‘Compute’ button has been pressed.

Compares the total cost of two to three mortgages, in order to determine which is the best option for the user. Enter the following variables:

  • Loan ID eecu-compare-mortgages-calc
  • Down payment
  • Loan term
  • Interest rate
  • Points
  • Other fees
  • Loan type
  • Adjustable type
  • Maximum initial rate adjustment
  • Maximum subsequent rate adjustment
  • Anticipated rate cap
  • Home price
  • Income tax rate
  • After tax savings rate

The results will display below the calculator once the ‘Compute’ button has been pressed.

Determines how much interest can be saved by increasing the monthly payment amount on a mortgage. Enter the following inputs into the calculator:

  • Loan amount
  • Mortgage length
  • Date of loan
  • Interest rate
  • Date of first extra payment
  • Additional payment amount

Click the ‘Compute’ button to generate the results.

Calculates approximately how large of a mortgage an individual might be able to qualify for. Enter the following variables:

  • Combined gross annual income
  • Minimum monthly credit card payments
  • Car payments
  • Other fixed monthly debts
  • Down payment
  • Interest rate
  • Loan term
  • Monthly insurance
  • Monthly association dues
  • Annual property tax

Click the ‘Compute’ button to generate the results.

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