Members First Credit Union Mortgage Rates and Calculators


Members First Credit Union Online Banking » Members First Credit Union Mortgage Rates and Calculators

Members First Credit Union mortgage calculators allow users to determine the various home financing options available to them, and help them decide which form of home financing best fits their specific needs. Detailed information regarding the different kinds of mortgage loans offered by Members First can be found on this webpage.

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Rates

Current rate information can be obtained here, personalized quotes can be calculated on this page. Enter your contact information into the form to receive on-going Members First Credit Union loan rate details. You can apply for a mortgage online on the Members First mortgage site (click the apply now button). Members First Credit mortgage representatives can be reached at (1-800-860-3832).

Calculators

How to Calculate

This calculator determines how much the monthly payments will be on a mortgage. Enter the following inputs into the corresponding entry fields within the calculator:

  • Loan Amount
  • Appraised Value
  • Term (Years)
  • Interest Rate (%)
  • Yearly Property Tax
  • Yearly Insurance

Results will automatically display as the inputs are entered/altered.

Compares between the loan terms of a 15 vs 30 year mortgage, in order to determine which is the better option. Enter the following inputs into the appropriate fields within the calculator: members-first-15-vs-30-calc

  • Mortgage amount
  • Marginal tax rate
  • 15 year interest rate
  • 30 year interest rate

Results will automatically display as the inputs are entered/altered.

This calculator determines whether an individual is better off refinancing their mortgage or not, based on the following variables:

  • Original mortgage
    • Original loan amount
    • Appraised value
    • Original interest rate members-first-refinance-calc
    • Term in years
    • Years remaining
    • Income tax rate
  • New mortgage
    • Loan balance
    • Appraised value
    • Interest rate
    • Term in years
    • Loan origination rate
    • Points paid

Press the ‘Results’ and/or ‘Graphs’ links at the top of the calculator for detailed graphical results.

Determines how much faster a mortgage can be paid off by making extra monthly payments, based on the following inputs: members-first-extra-payment-calc

  • Years remaining
  • Original term length
  • Mortgage amount
  • Extra monthly payment
  • Annual interest rate

Click  the ‘Results’ and/or ‘Graphs’ links at the top of the calculator for detailed graphical results.

Determines whether paying points to lower a mortgage’s interest rate is a financially viable option, based on the following variables:

  • Mortgage amount
  • Term length members-first-pay-points-calc
  • Discount points
  • Points rate
  • Interest rate
  • Years in home

Press the ‘Results’ and/or ‘Graphs’ links at the top of the calculator for detailed graphical results.

Determines whether an individual is better off renting versus financing a home with a mortgage loan. Enter the following inputs:

  • Mortgage and Home Expenses
    • Monthly house payment
    • Purchase price
    • Interest rate members-first-rent-vs-buy-calc
    • Term in years
    • Loan amount
    • Monthly payment (PI)
    • Property tax rate
    • Home insurance
    • & maintenance fees
  • Down Payment and Closing Costs
    • Total closing costs
    • Cash on hand
    • Loan origination
    • Points paid
    • Other closing costs
    • Total down payment
    • Limit down payment to
  • Rent, Taxes and Inflation
    • Monthly rent payment
    • Monthly rent payment
    • After-tax investment return
    • Income tax rate
    • Expected inflation
    • Home appreciation rate
    • Future sales commission

Click the ‘Results’ and/or ‘Graphs’ links at the top of the calculator for detailed graphical results.

Determines whether or not consolidating one’s debt/loans via a cash-out refinance is a good decision, based on the following variables:

Note: click each category within the calculator to display the input fields

  • Credit card debt (click to expand)
  • Auto loan debt (click to expand)
  • Other loans/installment debts (click to expand)
  • New consolidated mortgage loan (click to expand)

Results automatically display as the inputs/variables are altered. Users can also click the ‘View Report’ or ‘Calculate’ buttons at the top of the calculator to generate the results.

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