## GECU Mortgage Rates and CalculatorsGECU Online Banking » GECU Mortgage Rates and Calculators |

GECU Mortgage Calculators play a great role in educating applicants on the consequences of applying for a loan with a given set of terms. This way, applicants can plan their finances to cater for the loan. For more information, call a GECU mortgage professional at 1-915-778-9221, or toll-free at 1-800-772-4328.

## Rates

Conventional mortgage loans are available at minimal down payment requirements. GECU conventional loans are offered at fixed rates and at reasonable repayment terms, which are tailored to your needs. To get more information about this, click here. Rates are based on an assessment of your credit history and occupation.

## Calculators

- Monthly Payment Estimators
- Minimum Income Calculator
- Affordability Calculator
- Prepayment Calculator
- Improve or Move Calculator
- Refinance Calculator
- Biweekly Payment Estimator
- Rent v. Buy Calculator

## How to Calculate

The monthly payment calculator helps applicants to calculate their monthly payments towards their loan. The following are required:

- Principal loan balance
- Property Value
- Annual interest rate
- Property Tax Rate
- Loan term
- Home Insurance Rate
- Starting date
- Extra payments

Click “calculate” to compute.

This calculator determines the lowest income that you will need for your mortgage approval. You will require the following information for the calculation:

- Down payment amount
- Sale price of home
- Loan term
- Interest rate
- Estimated annual home insurance
- Estimated annual property taxes
- Monthly debt

Click “calculate” to view the results.

This calculator helps applicants determine the highest value of a house for which you can get approval. You will require the following for calculation:

- Monthly debt
- Down payment amount
- Annual Income
- Home insurance rate
- Property tax rate
- Loan term
- Interest rate

Click “calculate” to view the results.

You can find how fast a few extra dollars every month can add up to, you just have indicate your main balance and total monthly payment as follows:

- Remaining term on your current mortgage
- Extra payments amount
- Current interest rate
- Current mortgage balance
- Extra payments amount
- Results options

Click “calculate” to view the results.

This calculator compares the cost of buying a new house and the cost of improving your current house. You need the following information to compute:

- Current annual property taxes
- Current principal + interest payment
- Estimated cost of improvement
- Current home sales price
- Improvement loan interest rate
- Improvement loan amount
- Improvement loan fees
- Improvement loan term
- New home down payment
- New home sale price
- New home loan rate
- New home loan term
- New home annual property taxes
- New home closing cost
- Real estate commission on sale of current home
- Moving costs

Click “calculate” to view the results.

This calculator helps users to decide whether it’s the correct time to refinance thier loan or not. To calculate, the following information is required:

- Remaining term on your current mortgage
- Current mortgage balance
- Interest rate
- New interest rate
- New loan term
- Estimated closing costs

Click “Calculate” to view the results.

This calculator is used to calculate an estimate of your biweekly payment for your mortgage. You require the following for calculation:

- Principal loan balance
- Loan term
- Annual interest rate
- Extra payments
- Starting date
- Extra payments amount

Click “Calculate” to get your results.

This calculator helps users to figure out whether they should rent as opposed to buying a home. To calculate, the following must be entered:

- New home purchase price
- Current rent payment
- New home purchase price
- Down payment amount
- Estimated annual rent increase
- Loan term
- Interest rate
- Estimated annual repairs / maintenance
- Estimated annual property taxes
- Estimated investment return
- Estimated inflation rate
- Years of comparison
- Estimated income tax rate

Click the “Calculate” button compare.

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