Harris Bank Mortgage Calculators


Harris Bank Online Banking » Harris Bank Mortgage Calculators

Harris Bank offers both fixed rate and adjustable rate mortgages depending on the applicant’s needs.  The key to owning a home is picking the right financing option. For information on the best mortgage follow this link. One can also call 1-888-482-3781 or visit the nearest branch. One can also make an appointment for free consultation.

Sponsored Links

Rates

Mortgage applicants can get an estimate of the attractive rates and fees offered by Harris Bank by following this link.  One has to apply to get the actual rates.

Calculators

How to Calculate

This tool is used to calculate monthly fixed rate mortgage payments for a given down payment, purchase price, loan term and interest rate.

  • Loan amount
  • Term
  • Appraised value
  • Rate of interest
  • Property tax
  • Property insurance

Click “calculate” to compute the payments.

 

 

This tool, just like the one above is used to calculate monthly payments, but for adjustable rate mortgages. Payments on this type of mortgage are fixed for some time and adjusted after the initial period.

  • Loan amount
  • Appraised value
  • Term
  • Property tax
  • Property insurance
  • State and federal tax rate
  • Original interest rate
  • Months prior first adjustment
  • Period between adjustment of rate
  • Lowest rate
  • Highest rate
  • Maximum rate adjustment
  • Margin
  • Months between index adjustments
  • Index rate
  • Index rate change per adjustment
  • Predicted change in rates

Click “calculate” to compute the payments.

 

This calculator helps users determine the maximum price they can afford to pay for a home.  This varies based on the down payment, monthly payments and loan-to-value ratio. Users are required to enter the following data:

  • Down payment
  • Monthly payment
  • Term (years)
  • Interest rate
  • Loan to value ratio
  • Annual property tax
  • Annual property insurance

Click “calculate” to determine affordability.

 

Applicants who are undecided on renting vs. owning a home can use this tool to help them make the decision. The entries below are required:

  • Monthly rent
  • Renter’s insurance
  • Annual rent decrease or increase
  • Purchase price
  • Depreciation /Appreciation rate
  • Savings rate
  • State and federal tax rate
  • Period before paying or selling off loan
  • Interest rate
  • Term
  • Loan amount
  • Initial Charge
  • Charge For Specific Interest Rate
  • Other settlement services
  • Annual property tax
  • Annual maintenance
  • Annual property insurance
  • Selling costs

Click “calculate” to compare.

This tool helps users determine the total cost of a mortgage for a given set of loan terms.  The calculator factors in both origination charges and other settlement services. The variables given below are required for computing.

  • Purchase price
  • Term
  • Loan amount
  • Interest rate
  • Adjusted Origination Charges:
  • Charge For Specific Interest Rate
  • Origination Charge
  • Settlement Services
  • Lender selected service:
  • Credit report
  • Appraisal
  • Flood Certification
  • Title insurance and services
  • Tax Service
  • Owner’s title insurance
  • Transfer taxes
  • Government recording charges
  • Services You Can Shop For:
  • Pest inspection
  • Survey
  • Annual property tax
  • Annual property insurance

Click “calculate” to compute.

This tool helps users compare two mortgage loans to determine which of them is the best deal. The following should be entered:

  • Term
  • Origination Charge
  • Interest rate
  • Charge for particular Interest Rate
  • Additional settlement services
  • Period before 1st adjustment
  • Period between adjustments of rates
  • Highest rate adjustment
  • Lowest rate
  • Highest rate
  • Index rate
  • Margin
  • Change of Index rate per adjustment
  • Period between index adjustments
  • Loan Amount
  • State and federal tax rate
  • Purchase price
  • Annual property tax
  • Annual property insurance
  • Period before payoff or sale
  • Savings rate

Click “calculate” to compare.

 

 

Sponsored Links