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Mortgage Calculators:
Live Well
The two calculators below are provided to help you in dealing with your mortgage-related needs. The first one will help you determine your estimated mortgage payment, while the second can be used to help you calculate the refinancing of your home, in case you’d like to make upgrades or improvements.
1. Mortgage Payment Calculator
To estimate your monthly mortgage payment, enter the amount you would like to borrow, the current interest rate and the amortization period (length of time to repay the mortgage). Then click the "Calculate" button to see the results.
2. Mortgage Refinancing Calculator
To estimate your new monthly payment if you want to refinance your mortgage; under Current Mortgage, enter your current monthly mortgage payment, the number of years left to re-pay and your current interest rate. In the New Mortgage section, enter the loan term, new interest rate and the down payment amount. Then click the "Calculate" button to see the new payment.
Note: These web-based tools are for illustrative purposes only. Please contact a credit union near you for an up-to-date quotation on interest rates, financing options and monthly payments.
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