This calculator helps you weed through the fees, taxes and monthly payments to help you make a decision between these two options. Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. In addition, it will calculate the number of months to breakeven on closing costs with your reduced monthly payment. This will determine how much interest refinancing can save you. How much interest can you save if you refinance your mortgage? This calculator helps you find out! Enter the specifics about your current mortgage, along with your current appraised value, new loan term, rate and closing costs. Use this calculator to sort through the confusion and determine if refinancing your mortgage is a sound financial decision. How long will it take to break even on a mortgage refinance? That depends on a multitude of factors including your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home. This calculator steps you through the process of finding out how much you can borrow. The first step in buying a house is determining your budget. This calculator helps you determine if you should pay for points, or use the money to increase your down payment. But each 'point' will cost you 1% of your mortgage balance. Should you buy points? Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. How much interest can you save by increasing your mortgage payment? This financial calculator helps you find out. You can even determine the impact of any principal prepayments! Quickly see how much interest you could pay and your estimated principal balances. Use this calculator to generate an estimated amortization schedule for your current mortgage. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. This calculator helps you to determine what your adjustable mortgage payments may be.ĭetermining which mortgage term is right for you can be a challenge. Target Market Determinations are available here.Adjustable rate mortgages can provide attractive interest rates, but your payment is not fixed. Terms and conditions apply and are available on request. For lending products, lending criteria and fees and charges apply. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. Rates stated are subject to change without notice. Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. To use this Website, you are required to read the Financial Services Guide (PDF) (which you agree to be provided by accessing the link). © Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |