Mortgage Calculators

*Qualifications do apply.

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Mortgage Calculators

$300 off closing cost is valid on new purchases or new home construction loans only; refinances and home equity loans/lines of credit do not qualify. The discount will be applied at closing as a lender credit. Offer is subject to credit approval, underwriting and eligibility requirements. Offer subject to change at any time, not valid with any other offer or discounts. Offer valid until May 31, 2022. Membership eligibility required.

² Down Payment Plus® is a program from the Federal Home Loan Bank of Chicago. Restrictions apply. Please see the Federal Home Loan Bank of Chicago’s website at www.fhlbc.com for complete requirements. “Down Payment Plus®” is a registered trademark of the Federal Home Loan Bank of Chicago. Funds for the program are limited and will be awarded on a first come-first serve basis until all funds have been used for the calendar year.
** Additional eligibility requirements may apply.

³APR = Annual Percentage Rate. On a $180,000 7/1 ARM amortized over 30 years with initial interest rate of 2.500%, with APR of 2.950%, after fixed period of 7 years rate may increase yearly, on the eighth year your rate can increase by a maximum of 3% above the initial interest rate, and every year thereafter 2%, with a max lifetime cap of 5%. After the initial fixed -rate period, your interest rate can increase or may decrease every year according to the market index. 

Payment Example:

 ⁴APR = Annual Percentage Rate. On a $180,000 10/1 ARM amortized over 30 years with initial interest rate of 2.865%, with APR of 3.065%, after fixed period of 10 years rate may increase yearly, on the eleventh year your rate can increase by a maximum of 3% above the initial interest rate, and every year thereafter 2%, with a max lifetime cap of 5%. After the initial fixed -rate period, your interest rate can increase or may decrease every year according to the market index. 

Payment Example:

 All Adjustable -Rate Mortgages (ARMs) loans have a 30- year amortization. Payment examples reflect a monthly payment of principal and interest only and does not include PMI, taxes, insurance, or other applicable escrows. Your actual payment may be higher. Rates and payments are based upon a loan amount of $180,000.00 for a single-family primary residence, with 80% loan-to-value, and a representative credit score of 725+. Your actual APR will be based upon your final loan amount, creditworthiness, and applicable costs. Rates, terms, and conditions effective as of 3/7/2022, are for sample purposes only and are subject to change at any time. Additional closing costs may apply. See a Mortgage Loan Officer for details. Loan subject to final credit approval and membership eligibility. Qualifications do apply.

The Calculators found on this page are for information purposes only. While the results of the calculators may be generally accurate, the results do not reflect any specific Credit Union accounts, loans or other products or services and may not exactly match the calculation methods used by the Credit Union for accounts, loans or other products or services. The calculators should be used for general informational purposes and should not be relied on for any specific transaction.