University Federal Credit Union Mortgage Rates and Calculators


University Federal Credit Union Online Banking » University Federal Credit Union Mortgage Rates and Calculators

University Federal Credit Union mortgage calculators allow users to quickly determine how large of a home loan they might qualify for, how much it may cost to refinance a mortgage, and how much quicker a mortgage can be paid off by making extra monthly payments.

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Rates

University Federal Credit Union mortgage rates are constantly changing and being updated. Up-to-date mortgage rate information can be viewed on this page (scroll down and click the ‘Find our current rates’ link). Questions and concerns regarding UFCU mortgage offers can be answered by a mortgage support specialist.

University Federal Credit Union Mortgage Rates

University Federal Credit Union Mortgage Rates

Calculators

How to Calculate

The ‘Home Affordability’ calculator determines how large of a mortgage/house an individual might be able to qualify for. Enter inputs into the entry field, or adjust the sliders within the calculator for the following variables:

After each section of variables is completed, click the ‘Next’ button to continue the calculation.

  • Pre-tax income
  • Monthly auto loan payments
  • Monthly credit card payments
  • Other monthly dues
  • Percentage interest rate (mortgage)
  • Loan term length in years
  • Money available for down payment

Once all of the above variables have been filled in, click the ‘Calculate’ button at the bottom of the calculator to load the results page.

This calculator will determine if refinancing one’s mortgage is a wise decision to make, based on numerous variables. Enter inputs into the entry field, or adjust the sliders within the calculator for the following variables:

After each section of variables is completed, click the ‘Next’ button to continue the calculation.

  • Remaining principal balance on mortgage
  • Annual percentage interest rate on current mortgage
  • Years remaining on current mortgage
  • Annual percentage interest rate on new mortgage
  • Term length of new mortgage (in years)
  • Loan origination fee/closing costs of new mortgage
  • Number of points that will be purchased (in order to refinance)
  • Other (fixed) costs

On the last page of the calculator, click the ‘Calculate’ button at the bottom of the screen.

Determines how much sooner a mortgage might be able to be paid off if extra monthly payments are made. Enter the following inputs into the blank entry fields, or adjust the calculator’s sliders.

After each section of variables is completed, click the ‘Next’ button to continue the calculation.

  • Original face value of mortgage
  • Annual interest rate
  • Term length of mortgage
  • Number of monthly payments already made
  • Amount to be added to monthly payments

Click on the ‘Calculate’ button to load the results page.

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