MCU Mortgage Rates and Calculators


MCU Online Banking » MCU Mortgage Rates and Calculators
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The New York Municipal Credit Union offers mortgage rates for individuals seeking a loan for a home. In addition applicants may view their payment amounts, loans vs other types of loans, and how much they may be able to pay with the calculators.

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Rates

An applicant may find rates for all types loans at the This Webpage.

For specific types of rates;

Calculators

An individual may use the following calculators to help determine the best rate and type of loan for their situation.

How to Calculate


  • How Much Can I Borrow Calculator?

Enter;

  • Income
    • Wages before taxes or deductions
    • Investment income before taxes
    • Income from rental properties
    • Other income
  • Expenses
    • Auto loans
    • Student loans
    • Rental property loans ($0 if refinancing)
    • Other payments
  • Other Debts
    • Alimony
    • Credit Cards
  • Desired Loan Terms
    • Interest Rate
    • Term (years)
    • Down payment (as a percentage (%) of the price)
  • Taxes and Insurance
    • Yearly Property Tax
    • Yearly Insurance

nymcu-how-much-can-i-borrow-calculator

  • How Much Will My Mortgage Payments be Calculator

Enter;

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

nymcu-how-much-will-my-motgage-payments-be-calculator

  • How Much Will My Adjustable Rate Payments be Calculator

Enter;

  • Loan Amount
  • Appraised Value
  • Term (years)
  • Yearly Property Insurance
  • Yearly Property Tax
  • State plus Federal Tax Rate
  • Months Before First Adjustment
  • Initial Interest Rate
  • Months Between Rate Adjustments
  • Maximum Rate Adjustments
  • Minimum Rate
  • Maximum Rate
  • Margin
  • Index Rate
  • Months Between Index Adjustments
  • Index Rate Change per Adjustment

nymcu-how-much-will-my-adjustable-rate-payments-be-calculator

  • Which is Better? Fixed or Adjustable Calculator

Enter;

Fixed Adjustable
  • Interest Rate
  • Loan Amount
  • Term (years)
  • Origination Charge
  • Charge for Specific Interest Rate
  • Other Settlement Services
  • Interest Rate
  • Loan Amount
  • Term (years)
  • Origination Charge
  • Charge for Specific Interest Rate
  • Other Settlement Services

Information Regarding Adjustable Rate Mortgage

  • Months before first adjustment
  • Months between adjustments
  • Maximum adjustment rate
  • Minimum adjustment rate
  • Minimum rate
  • Maximum rate
  • Margin
  • Index Rate
  • Index Rate Change per Adjustment
  • Months between index adjustments
  • State plus Federal Tax Rate
  • Purchase Price
  • Yearly Property Tax
  • Yearly Property Insurance
  • Years before you sell of pay off loan
  • Savings Rate

nymcu-adjustable-rate-or-fixed-term-calculator

  • Should I Pay the Points to Lower the Rate Calculator?

Enter;

  • Term (years)
  • Interest Rate
  • Origination Charge
  • Charge for Specific Interest Rate (Points)
  • Other Settlement Services
  • State + Federal Taxes
  • Purchase Price
  • Yearly Property Tax
  • Yearly Property Insurance
  • Years Before Paying Off a Loan
  • Savings Rate
  • Months Before First Adjustment
  • Months Between Rate Adjustments
  • Maximum Rate Adjustment
  • Minimum Rate
  • Maximum Rate
  • Margin
  • Index Rate
  • Index Rate per Adjustment
  • Months Between Index Adjustments

nymcu-should-i-pay-points-to-lower-rate-calculator

  • 15 or 30 Year Term Calculator – To figure out which best suits the applicant.

Enter;

  • Interest Rate
  • Loan Amount
  • Term (years)
  • Origination Charge
  • Charge for Specific Interest Rate
  • Other Settlement Services
  • Your State + Federal Tax Rate
  • Purchase Price
  • Yearly Property Tax
  • Yearly Property Insurance
  • Years Before you Pay Off Loan
  • Your Savings Rate

nymcu-15-or-30-year-term-calculator

  • How Much Should I Put Down For a Loan?

Enter;

  • Interest Rate
  • Term (Years)
  • Origination Charge
  • Charge for Specific Interest Rate
  • Other Settlement Services
  • Savings Rate
  • State + Federal Tax rate
  • Purchase Price
  • Yearly Property Tax
  • Yearly Property Insurance
  • Years Before You Sell or Pay Off the Loan

nymcu-how-much-should-i-put-down-for-a-new-loan

  • How Much Can I Save in Taxes Calculator?

Enter;

  • Term (years)
  • Interest Rate
  • Origination Charge
  • Charge for Specific Interest Rate
  • Other Settlement Services
  • State plus Federal Tax Rate (percentage)
  • Appraised Value
  • Annual Property Taxes
  • Annual Property Insurance

nymcu-how-much-can-i-save-in-taxes-calculator

  • Mortgage Closing Costs Calculator

Enter;

  • Purchase Price
  • Loan Amount
  • Term (years)
  • Interest Rate Percentage
  • Origination Charge
  • Charge for Specific Interest Rate
  • Appraisal
  • Credit Report
  • Flood Certification
  • Tax Service
  • Title Services and Lender’s Title Insurance
  • Owner’s Title Insurance
  • Government Recording Charges
  • Transfer Taxes
  • Survey
  • Pest Inspection
  • Yearly Property Tax
  • Yearly Property Insurance

nymcu-mortgage-closing-costs-calculator

 

  • Should I Lease or Buy Calculator?

Enter;

  • Monthly Rent
  • Monthly Renter’s Insurance
  • Yearly Rent Increase (Decrease) as Percentage
  • Purchase Price
  • Appreciation or Depreciation Rate
  • Savings Rate
  • State plus Federal Income Tax Rate
  • Years Before Selling/Paying Off Loan
  • Loan Amount
  • Term (Years)
  • Interest Rate
  • Origination Charge
  • Charge for Specific Interest Rate
  • Other Settlement Services
  • Yearly Property Tax
  • Yearly Maintenance
  • Yearly Property Insurance
  • Selling Cost (% of Selling Price)

nymcu-am-i-better-off-renting-calculator

  • Should I Refinance Calculator

Enter;

  • Original Loan Information
    • Original Loan Amount
    • Original Term in Years
    • Years Already Paid
    • Balloon Year (write “0” if none)
    • Interest rate
  • New Loan Information
    • Term (Years)
    • Balloon Year (“0″if none)
    • Origination Charge
    • Charge for Specific Interest Rate
    • Other Settlement Services
    • Interest Rate
  • Property and Personal Information
    • Appraised Value
    • Yearly Property Tax
    • Yearly Property Insurance
    • Your Savings Rate
    • State plus Federal Tax Rate
    • Years Before You Sell

nymcu-mortgage-refinance-calculator

 

  • Refinance Costs Calculator

Enter;

  • Purchase Price
  • Loan Amount
  • Term (years)
  • Interest Rate
  • Adjusted Origination Charges
    • Origination Charge
    • Charge for Specific Interest Rate
  • Other Settlement Services
  • Appraisal Report
  • Credit Report
  • flood Certification
  • Tax Service
  • Lender’s Title Insurance
  • Original Title Insurance
  • Recording Fee(s)
  • Annual Property Taxes
  • Annual Property Insurance

nymcu-refinance-costs-calculator

 

  • How to Reduce Mortgage Insurance Costs Calculator

Enter;

  • Term (years)
  • Interest rate
  • Appraised Value
  • Yearly Property Tax
  • Yearly Property Insurance

nymcu-reduce-mortgage-insurance-costs-calculator

 

  • Which Lender Has the Better Loan Calculator

Enter;

  • Property Information
    • Purchase Price
    • Loan Amount
    • Term (years)
    • Yearly Property Tax
    • Yearly Property Insurance
    • Savings rate
    • State + Federal Tax Rate
    • Years Before Selling Home/Paying off Mortgage
  • Loan Comparison (Loan1/Loan2)
    • Interest Rate
    • Origination Charge
    • Charge for Specific Interest Rate
    • Other Settlement Services
  • If Comparing Adjustable Rate Mortgages (ARM’s)
    • Months Before First Adjustment
    • Months Between Rate Adjustments
    • Maximum Rate Adjustment
    • Minimum Rate
    • Maximum Rate
    • Margin
    • Index Rate
    • Index rate Change for Adjustment
    • Months Between Index Adjustments

nymcu-which-lender-has-the-better-loan-calculator

  •  Which Loan is Better Calculator?

Enter;

  • Loan 1 and Loan 2 Information
    • Term (years)
    • Interest rate
    • Origination Charge
    • Charge for Specific Interest rate
    • Other Settlement Services
  • If Loan is an Adjustable Rate Mortgage (ARM)
    • Months before First Adjustment
    • Months between Rate Adjustments
    • Maximum Rate Adjustment
    • Minimum Rate
    • Maximum Rate
    • Margin
    • Index Rate
    • Index Rate Change per Adjustment
    • Months between Index Adjustments
  • Loan Amount
  • Purchase Price
  • Your State + Federal Tax Rate
  • Yearly Property Tax
  • Yearly Property Insurance
  • Years Before you Sell or Pay off Loan
  • Your Savings Rate

nymcu-which-loan-is-better-calculator

 

  • How Advantageous are Extra Payments Calculator

Enter;

  • Loan amount
  • Appraised Value
  • Term (years)
  • Yearly Property Tax
  • Yearly Property Insurance
  • Interest Rate
  • Additional Monthly Payment
  • Months until you Start Payments

nymcu-how-advantageous-are-extra-payments-calculator

  • What Home Can I Afford Calculator

Enter;

  • Down Payment
  • Total Monthly Payment
  • Term (years)
  • Interest Rate
  • Loan to Value Ratio
  • Yearly Property Tax
  • Yearly Property Insurance

nymcu-what-loan-can-I-afford-calculator

 

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