Simmons Bank Mortgage Rates and Calculators


Simmons Bank Online Banking » Simmons Bank Mortgage Rates and Calculators

Simmons Bank mortgage calculators provide users with the ability to determine various facets of financing the purchase of a home via a mortgage loan (such as fixed and adjustable rate mortgage payment amortization details, how much money can be saved by increasing mortgage payments, how large of a mortgage the user can qualify for, and more). To review all of the mortgage loans/home financing services offered by Simmons Bank, click here.

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Rates

Simmons Bank mortgage loan rate information is available by visiting a branch location, or by getting in touch with a member services representative (1-866-246-2400).

Calculators

How to Calculate

Determines if the interest savings from refinancing a mortgage will be larger than the costs of refinancing that mortgage. Based on the following inputs:

  • Original loan amount
  • Original mortgage length
  • Date of loan
  • Current interest rate
  • Cash out amount on refinance
  • New interest rate
  • Points
  • Fees/closing costs
  • New loan term length
  • Income tax rate
  • Savings rate
  • Length of property ownership

Click the ‘Compute’ button at the bottom of the calculator to load the results.

Determines the approximate monthly payment amount on a fixed-rate mortgage. Enter the following variables on the calculator page:

  • Home price
  • Down payment amount
  • Loan term length
  • Interest rate

The results will display below the calculator once the ‘Compute’ button has been pressed.

Determines the approximate monthly payment amount on an adjustable-rate mortgage. Based on the following inputs:  simmons-bank-arm-calc

  • Home price
  • Down payment amount
  • Loan term length
  • Interest rate
  • Rate cap
  • Rate increase at first interval
  • Rate increase each subsequent interval
  • Months before first increase
  • Months between increases

Click the Compute’ button to generate the results.

Calculates how much the monthly payments will be on a balloon mortgage, based on the following variables:

  • Home price
  • Down payment amount
  • Amortization length
  • Balloon payment after
  • Interest rate

Press the ‘Compute’ button at the bottom of the calculator to load the results.

Determines which option will save the most money, renting a home versus buying one. Enter the following inputs on the calculator page:  simmons-bank-rent-v-buy-calc

  • Monthly rent
  • Monthly renter’s insurance
  • Rent increase per year
  • Home price
  • Down payment
  • Interest rate
  • Loan term length
  • Points
  • Closing costs
  • Home information
  • Personal information

The results will display below the calculator once the ‘Compute’ button has been pressed.

Compares the total cost of two to three mortgages, in order to determine which is the best option for the user. Enter the following variables:

  • Loan ID
  • Down payment
  • Loan term
  • Interest rate
  • Points
  • Other fees
  • Loan type
  • Adjustable type
  • Maximum initial rate adjustment
  • Maximum subsequent rate adjustment
  • Anticipated rate cap
  • Home price
  • Income tax rate
  • After tax savings rate

The results will display below the calculator once the ‘Compute’ button has been pressed.

Determines how much interest can be saved by increasing the monthly payment amount on a mortgage. Enter the following inputs into the calculator:

  • Loan amount
  • Mortgage length
  • Date of loan
  • Interest rate
  • Date of first extra payment
  • Additional payment amount

Click the ‘Compute’ button to generate the results.

Calculates approximately how large of a mortgage an individual might be able to qualify for. Enter the following variables:

  • Combined gross annual income
  • Minimum monthly credit card payments
  • Car payments
  • Other fixed monthly debts
  • Down payment
  • Interest rate
  • Loan term
  • Monthly insurance
  • Monthly association dues
  • Annual property tax

Click the ‘Compute’ button to generate the results.

 

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