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Home Mortgage Calculator from First Bank

Homebuying 2 min read

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A home mortgage calculator can help you determine your monthly mortgage payments. This will help you financially prepare for that future purchase, whether you are a first-time homebuyer or seeking a vacation home. You can even discover how much money you might save by increasing your mortgage payment with a calculator.

Home Mortgage Calculators from First Bank

Whether you simply want to know how much of a house payment you can afford or you are trying to determine if you should rent a home or buy one, First Bank has a home mortgage calculator that can help.

With our home mortgage calculators you can:

Determine How Much House You Can Afford – Home Mortgage Calculator

What you’ll need to know:

  • Term in years
  • Purchase price
  • Percentage down
  • Interest rate
  • Annual tax
  • Annual insurance

Decide Between Refinancing or Keeping Your Current Loan – Home Mortgage Calculator

 What you’ll need to know:

  • Loan amount
  • Annual property taxes and insurance
  • Term in years
  • Interest rate

Determine Whether You Should Rent or Buy – Home Mortgage Calculator

What you’ll need to know:

  • Monthly rent
  • Yearly rent increase
  • Home purchase price
  • Loan amount
  • Term

Find Out How Much Money You Can Save by Increasing Your Mortgage Payment – Home Mortgage Calculator

What you’ll need to know:

  • Principal balance
  • Interest rate
  • Monthly payment
  • Additional monthly payment

Home Mortgage Calculator

Mortgages from First Bank

First Bank offers a variety of home mortgage options,** including:

  • Conventional loans—Fixed or adjustable rates.
  • Jumbo loans—For higher property values.
  • Government loans—Lower rates and closing costs.
  • Professional loans—For physicians, CPAs, dentists, and attorneys.
  • Construction loans—For land, construction, and home mortgage.

To learn more about our home loan options or how one of our home mortgage calculators can help you prepare for the future, contact or visit your local First Bank branch.

*Member FDIC. Equal Housing Lender. NMLS #474504.
**Loans subject to credit approval.

———

Sources:

Investopedia: http://www.investopedia.com/terms/i/interest.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186

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