NBT Bank Mortgage Rate Calculators


NBT Bank Online Banking » NBT Bank Mortgage Rate Calculators
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Using NBT Bank mortgage rate calculators allow users the ability to quickly assess their current financial state in regards to purchasing a home or securing financing. An individual can learn whether or not they should rent or buy, how much of a mortgage they could potentially qualify for, how much their fixed rate mortgage payment will be, and more.

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Rates

An individual must speak to an NBT Bank representative either over the phone (1-800-628-2265) or in person, in order to receive up to date information detailing the bank’s current rates.

Calculators

How to Calculate

The user should enter the following information to determine how much their estimated adjustable rate mortgage payments will be:

  • Home cost
  • Down payment (percentage or dollar amount)
  • Loan term (months or years)
  • Beginning interest rate
  • Life rate cap (rate cap)
  • Highest amount rate will increase in first interval
  • Highest amount the rate will increase in the following intervals
  • Length before first increase (in months)
  • Length between subsequent rate increases (in months)

Pressing the ‘COMPUTE’ button will result in the calculator displaying how much an individual’s initial adjustable rate mortgage payment will be, and other related information calculated from their specific input.

In order to calculate how much their fixed rate mortgage payments will be, a user should enter the following into the calculator:

  • Cost of home
  • Down payment
  • Loan term
  • Interest rate

Once this data has been entered and the ‘COMPUTE’ button has been clicked, the calculator will generate the user’s fixed rate mortgage payment information.

This calculator determines how much an individual’s payments will be for their balloon mortgage. A balloon mortgage is simply a loan where a considerable percentage of the initial loan amount is repaid in one single payment near the end of the loan’s term. User’s must enter the following information into the calculator:

  • Home price
  • Down payment (percentage or dollar amount)
  • Amortized over (months or years)
  • Balloon payment made after (months or years)
  • Interest rate

Clicking ‘COMPUTE’ once these fields have been filled out will result in the estimated amounts for both the monthly payments and the final balloon payment.

Used to determine whether buying or renting a house is less expensive. Users must enter as much of the following information as possible in order to receive the most accurate results.

-Rental Information:

  • Monthly rent
  • Monthly insurance
  • Annual percentage increase

-Purchase Details:

  • Home cost
  • Down payment (percentage or dollar amount)
  • Interest rate
  • Loan term (months or years)
  • Points
  • Closing cost(s)

-House Information:

  • Annual amount of property taxes
  • Average monthly maintenance costs
  • Monthly insurance
  • Appreciation percentage rate
  • Other costs (if applicable)

-Personal Details:

  • Federal and state tax rate
  • Bank account savings rate/investment rate of return
  • Estimated length of stay in property (months or years)

-Sale Information:

  • Real estate agent commission amount
  • Closing cost(s)

After this data has been entered into the calculator, and the ‘COMPUTE’ button has been clicked, the user will be able to view which option makes the most financial sense for them.

Enter the following data (for each mortgage you wish to compare) in order to compute the differences and similarities between (up to) three different mortgages.

-Loan Details:

  • Loan ID (name)
  • Down payment
  • Loan term (in years)
  • Interest rate
  • Points
  • Other fees (if applicable)
  • Type of loan (fixed or adjustable)
  • Adjustable type (1- 10/1 ARM)
  • Initial rate adjustment (maximum)
  • Subsequent rate adjustment (maximum)
  • Estimated rate cap

-Details for ALL Loans:

  • Home price
  • Income tax rate
  • After tax rate (savings)
  • (Estimated) length of stay in house

Once a user has entered their specific information into the required fields, they may press on the ‘CALCULATE’ button to view their results.

This is a straightforward calculator that determines how much money an individual can potentially save themselves if they increase their monthly mortgage payments. Users should enter the following details:

  • Original amount of loan
  • Original length of mortgage (in months or years)
  • Loan date
  • Interest rate
  • Date that first extra payment was made
  • Additional payments (monthly, annually, or single)

Clicking the ‘COMPUTE’ button will result in a user being able to determine how sooner they may be able to pay off their mortgage, as well as how much money they will save in interest.

This is a complex calculator that an individual can use in an attempt to determine how high of a mortgage they may qualify for. In order to receive an accurate calculation, users should enter as much of the following as possible.

-Income:

  • (Combined) gross annual income

-Monthly costs:

  • Minimum credit card payments (monthly)
  • Auto payments
  • Other expenses (fixed debt payments)

-Loan details:

  • Down payment (percentage or dollar amount)
  • Interest rate
  • Loan term (months or years)

-Payment details:

  • Monthly insurance payments (other costs if applicable)
  • Association costs (if applicable)
  • Annual property tax  (percentage or dollar amount)

Once the ‘COMPUTE’ button has been clicked, the calculator will return an overview detailing how much of a mortgage an individual may potentially qualify for, in addition to other related information.

An individual may use this calculator to determine how much they can afford to spend on a home both with and without a tax benefit. Users should enter as much of the following details as possible to gain a complete understanding of the options available to them.

-Monthly Payment Details

  • Highest possible payment that can be afforded

-Breakdown of Payments

  • Monthly insurance and other costs
  • Yearly property tax (percentage or dollar value)
  • Monthly association costs (if applicable)

-Loan Details

  • Down payment (percentage or dollar value)
  • Term of loan (months or years)
  • Interest rate

-Personal Details

  • State and federal tax rate (combined)

Once the user has entered their information into these fields, they may click the ‘COMPUTE’ button to retrieve their results.

Provides users with the ability to calculate how much it will cost them if they consolidate their loans. The following variables must be completed.

-Loans:

  • Account (name)
  • Remaining amount
  • Payment
  • Remaining term (months or years)

-Credit Cards:

  • Account (name)
  • Remaining amount
  • Rate

-Consolidated Loan:

  • Loan type (home equity, line of credit, personal loan)
  • Interest rate
  • Loan term (months or years)
  • Associated fees (percentage or dollar amount)
  • Points (percentage)
  • Savings rate
  • Tax rate

Upon entering as many of the above variables as possible, a user may then click on the ‘COMPUTE’ button in order to view how much it will cost them to consolidate their specified loans.

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