Woodforest National Bank Mortgage Rates and Calculators


Woodforest National Bank » Woodforest National Bank Mortgage Rates and Calculators

Woodforest National Bank mortgage calculators allow users to determine which home financing options make the most sense in regards to their personal and/or financial circumstances. For an overview of all of the mortgage loans offered through Woodforest National Bank, click here.

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Rates

Woodforest National Bank does not provide mortgage loan rate information on its website, however individuals interested in applying for a mortgage can contact a customer service representative, or visit the QuickenLoans Woodforest Mortgage website for more detailed information.

Calculators

How to Calculate

This calculator will help an individual determine whether they should refinance their mortgage or not. Enter the following inputs into their associated entry fields within the calculator:

  • Original loan amount
  • Original mortgage term (months/years)
  • Loan date
  • Interest rate

-New loan:

  • Cash out amount on refinance
  • New interest rate
  • Points
  • Fees
  • New loan term length (months/years)
  • Income tax rate
  • Savings rate
  • Length of stay at property (months/years)
  • Check for (graph, amortization schedules)

Click on the ‘Compute’ button to view the results (which will display below the calculator).

Determines how much the payments will be on a fixed-rate mortgage. Enter these variables into the calculator’s blank entry fields:

  • Home price
  • Down payment (% or $)
  • Term length (months or years)
  • Interest rate
  • Check to show payment/amortization schedule

After the above variables have been entered, click the ‘Compute’ button to generate the results.

Determines how much the payments will be on an adjustable-rate mortgage. Enter these variables into their associated input fields:

  • Home price

  • Down payment (% or $)
  • Term length in months/years
  • Interest rate
  • Rate cap
  • Max amount of rate increase (1st interval)
  • Max rate increase % at subsequent intervals
  • Months prior to initial rate increase
  • Months between rate increases

Click the ‘Compute’ button to load the results of the calculation.

This calculator will determine the monthly payments (and balloon payment) on a balloon mortgage. Enter the following inputs:

  • Home price
  • Down payment amount (% or $)

  • Amortization length (months/years)
  • Balloon payment after (months/years)
  • Interest rate
  • Check for amortization/payment schedule

Once the above information has been entered into the calculator, click the ‘Compute’ button.

This calculator compares the associated costs of renting versus purchasing a home. Enter the following inputs into the calculator:

  • Monthly rent
  • Renter’s insurance (monthly)
  • Rent increase % per year

  • Home price
  • Down payment
  • Interest rate
  • Term length in months/years
  • Points
  • Closing costs
  • Yearly property taxes (% or $)
  • Monthly maintenance expenses
  • Monthly insurance
  • Annual appreciation rate
  • Other monthly expenses
  • State/federal tax rate
  • Investment rate of return/bank account savings rate
  • Length of stay at property (months/years)
  • Real estate agent commission (% or $)
  • Closing costs

Click the ‘Compute’ button to generate the results.

Compares between two-to-three mortgages, enter as many of the following variables as possible for the most accurate calculation:

  • Loan ID
  • Down payment (% or $)
  • Term length in years
  • Interest rate
  • Points
  • Other costs/fees
  • Type of loan
  • ARM type
  • Max initial rate adjustment
  • Max subsequent rate adjustment
  • Rate cap
  • Price of home
  • Income tax rate
  • Tax savings rate
  • Length of stay at house (years)

To load the results, click on the ‘Compute’ button.

Determines how much an individual might save on their mortgage’s interest payments by increasing their monthly payment amount. Enter the following inputs:

  • Original loan amount
  • Mortgage length (months/years)
  • Loan date
  • Interest rate
  • First extra payment date
  • Extra monthly payment
  • Check to show amortization schedule

In order to view the results, click the ‘Compute’ button.

This calculator will determine how large of a mortgage an individual might be able to qualify for, based on the following variables:

  • (Combined) gross annual income
  • Monthly credit card payments (minimum)
  • Car payments
  • Other monthly debts
  • Down payment amount (% or $)
  • Interest rate
  • Term length in months/years
  • Monthly insurance costs
  • Association fees/dues (if applicable)
  • Yearly property tax (% or $)

Click the ‘Compute’ button to view the results.

Calculates how expensive of a house an individual can afford based on the highest monthly payment they will be able to make. Enter the following inputs:

  • Highest affordable payment
  • Monthly insurance/other costs
  • Yearly property tax
  • Monthly association fees (if applicable)
  • Down payment (% or $)
  • Term length (months or years)
  • Interest rate
  • State/federal tax rate

To view the results, click the ‘Compute’ button.

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