Can I Afford It?
Mortgage Payment Calculators
Before you commit to buying that beautiful home you just toured, run some numbers to make sure you’re not sinking into a money pit.
PrimeWay Federal Credit Union offers useful calculators that will show you the cost differences between ARM and fixed rate mortgages; how to determine the annual percentage rate on your mortgage; and what it means financially to carry a 15-year mortgage compared to a 30-year mortgage.
Plus, you can access additional calculators that give you estimates on monthly payments based on loan amount, interest rate and term; provide insight into the possible benefits of owning a home rather than renting; and will tally your interest savings from a mortgage refinance.
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