No matter what type of mortgage loan you have, you will be required to make a minimum monthly payment that goes to both the principal and interest on the outstanding balance of the loan. Your payment may also include property taxes, homeowner's insurance, HOA dues, or other payments managed by the lender. It is important to note that even though your monthly payment may remain the same over the course of the loan, the amount that is going towards the principle versus interest will change (this is because the loan is amortized).
This mortgage calculator can help determine your estimated mortgage payment, allowing you to make an informed decision about what home price and mortgage option is right for you based on your unique circumstances.
Calculations provided by Fintactix.
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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
DuPage Credit Union mortgage loan benefits
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Homeowners insurance required.
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Consult a tax advisor regarding deductibility of interest.
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Rates are subject to change without notice. See Current Rates. Payment examples do not include homeowner insurance, property taxes, private mortgage insurance, or homeowner association dues. Actual payment may be higher. Consult a tax advisor regarding deductibility of interest.
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Must have a Credit Union membership established and be in good standing. Rate, points, and Annual Percentage Rate (‘APR’) may be adjusted based on several factors including, but not limited to, state of property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value and your credit score. Your final rate and points may be higher or lower than those quoted based on information relating to these factors, which may be determined after you apply. Maximum loan to value varies based on multiple factors, including but not limit to loan type, property type and occupancy type.