## MainSource Bank Mortgage Rates and CalculatorsMainSource Bank Online Banking » MainSource Bank Mortgage Rates and Calculators |

**MainSource Bank mortgage calculators **help users to determine whether a mortgage product they are planning on taking out makes financial sense. For a complete overview of the mortgage products available to MainSource customers, click here. For help with picking out a mortgage loan product, get in touch with one of the MainSource mortgage lenders.

## Rates

You can get the latest rates for MainSource mortgages by visiting a branch location. You can also get estimates by visiting the rates page on the MainSource Bank website. You can also call the bank on 1-866-300-5596 or send an email to loaninfo@mainsourcebank.com.

## Calculators

- Payment/Amortization
- Rent vs. Own
- Annual Percentage Rate (APR)
- Debt Consolidation
- Prepayment Savings
- Early Payoff
- Refinance Break-Even Point
- Tax Savings

## How to Calculate

This calculator helps users to figure out what their monthly payments will be after taking out a mortgage. The following information is required to compute:

- Loan Amount
- Interest Rate
- Loan Term
- Loan Type

Click “calculate” to determine the monthly payments. You can also choose to view the amortization table.

This calculator helps users to weigh their options between buying and renting a home. The following variables are required:

- Monthly Rent
- Renter’s Insurance per month
- Yearly Rent Increase
- Home Purchase Price
- Mortgage Interest Rate
- Down Payment
- Home Purchase Costs (Estimated)
- Property Tax Rate
- How Long Before Selling?
- Annual Home Maintenance
- Annual Home Appreciation
- Interest Earned on Down Payment
- Selling Costs
- Your Income Tax Rate

Click “Calculate” to compute.

This calculator helps loan applicants to determine the APR for adjustable rate and fixed rate mortgages. The following inputs are needed:

- Loan Amount
- Interest Rate
- Loan Term
- Loan Type
- Closing Costs

Click “Calculate” to compute.

This calculator helps users to determine whether or not they should consolidate their loans. The following variables must be entered:

- Current Debt
- Type of Credit
- Monthly Payment
- Balance
- Interest Rate

- New Loan Information
- Term
- Interest Rate
- Estimated Closing Costs

Click “Calculate” to find out if consolidation is worthwhile.

This calculator helps those who have applied for a mortgage loan to figure out how soon they can pay it off by making a prepayment. The following inputs are required:

- Additional Payment Amount
- Present Loan Balance
- Interest Rate
- Remaining Loan Term
- Loan Type

Click “Calculate” to compute.

This calculator helps users figure out how much sooner they can pay off their mortgage loan by making additional monthly payments. The following variables are required:

- Original Loan Amount
- Original Loan Term
- Original Interest Rate
- Requested Years to Payoff
- Months Already Paid

Click “Calculate” to compute.

This calculator helps users determine when they will break even after refinancing their loan. The following information is required:

- Current Monthly Payment
- New Interest Rate
- New Loan Amount
- Loan Term
- Closing Costs

Click “Calculate” to compute.

This calculator helps mortgage applicants to determine the amount of tax savings they can make by taking out a mortgage. The following variables are needed:

- Property Value
- Loan Amount
- Interest Rate
- Loan Term
- Points
- Calculate Tax Savings After
- Property Tax Rate
- Your Income Tax Rate

Click “Calculate” to compute.

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