Mortgage Calculators
Decide if you should rent or own, estimate a mortgage payment or weigh your refinancing options.
Home Affordability
Payment Savings
Buy vs. Rent
Refinancing
Commercial Loans
The Numbers
Your Results
Should I refinance or keep my current loan?
Use our calculator to help you decide if refinancing makes sense for you. If you can lower your monthly mortgage payment and offset the costs of refinancing in a reasonable time frame, you should consider refinancing.
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The dollar amount of the loan that will be taken out to purchase the property. This is typically the purchase price minus any down payment.
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The dollar cost per year of property taxes and property insurance combined. Generally property taxes are owed each year to the state, local taxing authority or municipality. Typically these will be a percentage of your home's assessed value. Property Insurance protects you from the costs of various types of property damage and some potential liability.
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The time limit (in years) within which the loan must be repaid. Mortgage loans are offered in a variety of term lengths. Generally the longer the term, the smaller your minimum monthly payments will be.
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The percentage you pay for the use of an amount of money for a specified period of time. Individual mortgage loan interest rates depend on a number of factors such as current typical rates, location, and financial records. Mortgage interest rates will be either fixed or adjustable. Fixed rates will not change over the term of the loan, allowing for predictable payments. Adjustable interest rates can adjust either up or down at defined intervals according to a market index, which may increase or decrease your payments accordingly.
Home loan options for each stage of life.
Mortgages aren’t one-size-fits-all. First Bank partners with you to customize loans for a variety of property types and financial needs.
Work with a local mortgage specialist
