WSFS Bank Mortgage Calculators


WSFS Bank Online Banking » WSFS Bank Mortgage Calculators
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WSFS Bank mortgage calculators are offered to help users determine the varied home financing options available to them. By using these calculators, individuals can determine how much their monthly payments will be, how much money they can save by refinancing, or whether purchasing or renting a home is the better decision.

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Rates

WSFS Bank offers custom quotes based on specific loan details to individuals looking for up-to-date rate information. Users can also use WSFS’s Rate Watch form to signup to receive updated rate information. However, In order to receive the most accurate interest rate percentage users should apply online, inquire over the phone, or visit a bank location.

Calculators

How to Calculate

This calculator should be used to determine an approximate value for a specific loan’s monthly payments, based off of the following variables:

  • Amount of mortgage

  • Term length (years)
  • Interest rate
  • Property taxes (annual)
  • Property/home insurance (annual)

Results will automatically be displayed as any variable is altered. Alternatively, users may click on the ‘Calculate’ button located directly above the calculator’s ‘monthly payment’ field.

15 year mortgages are common choices for home buyers looking to lower the amount paid towards interest, however these kinds of mortgages require higher monthly payments. This calculator can help an individual determine whether choosing a 15 year mortgage is a financially sound decision, based upon the following variables:

  • Amount of mortgage
  • Tax rate (marginal)
  • 15 year interest rate
  • 30 year interest rate

When one of the above variables are altered, the calculator will automatically generate the results. Users can also click the ‘Calculate’ button at the top of the calculator.

Many factors go into deciding whether one should refinance their mortgage or not. Use this calculator to determine if refinancing is an applicable course of action for your specific mortgage. Enter details into the following fields:

  • Amount of original loan

  • Appraisal value
  • Interest rate (original)
  • Term length (years)
  • Years remaining in term (years)
  • Income tax rate

Although the results will automatically be displayed when any variable is altered, users can also click on the ‘Calculate’ button located directly above the calculator’s ‘monthly payment’ field.

This calculator determines the various effects of making extra monthly payments towards a mortgage. The following fields must be filled out:

  • Year remaining in term (years)

  • Term length of original mortgage
  • Extra monthly payment(s)
  • Interest rate (annual)

As the above variables are altered, the calculator will automatically generate the results. Users can also click the ‘Calculate’ button at the top of the calculator.

Although purchasing mortgage points will lower the interest rate on that particular mortgage, doing so will cost a percentage of the mortgage’s balance. This calculator helps individuals determine whether they should purchase mortgage points or use the money for an increased down payment. Enter the following data:

  • Amount of mortgage
  • Term length (years)
  • Points
  • Points percentage rating
  • Amount of loan
  • Interest rate

Results will automatically be displayed as any variable is altered. Alternatively, users may click on the ‘Calculate’ button located directly above the calculator’s ‘monthly payment’ field.

This calculator compares between renting or buying a house. The following data is required:

  • Purchase cost
  • Interest rate
  • Term length (years)
  • Tax rate (property)
  • Property insurance
  • Monthly maintenance costs and other fees

When one of the above variables are altered, the calculator will automatically generate the results. Users can also click the ‘Calculate’ button at the top of the calculator.

Used to determine whether consolidating a mortgage is a financially sound decision based off of the following inputs:

  • Loan amount (home equity)
  • Payment
  • Interest rate
  • Term length (years)
  • Tax rate

As the above variables are altered, the calculator will automatically generate the results. Users can also click the ‘Calculate’ button at the top of the calculator.

 

 

 

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