Mortgage calculators and loan calculators can be used to estimate your monthly mortgage payment based on fixed or adjustable mortgage interest rates. Monthly payment may include taxes, insurance, HOA payment, and mortgage insurance (PMI). The real estate market and mortgage market are constantly changing, use these tools to stay ahead of the market and determine what you will pay monthly when you buy a home.

0:00 | Introduction
0:13 | Why you should use a mortgage calculator.
0:35 | What is a mortgage calculator?
1:07 | How does a mortgage calculator work?
1:34 | Video link on adjustable rate mortgages
1:58 | Where to find current mortgage rates
3:09 | Mortgage Rate Calculator Example
4:38 | Real world example of when ARM can be better than a fixed mortgage rate
5:55 p.m. | Why are ARMS worth it?
5:58 p.m. | Federal Funds Rate – (69-year historical chart)

Mortgage calculator: https://www.mystatemls.com/mortgage_calculator/

For options that don't require PMI with less than 20% down, check out Navy Federal Credit Union (you must be a member by being or related to a veteran or military member.)
marinefederal.org

Trustco Bank in New York and Florida also offers an option that allows you to put as little as 3% down and not pay mortgage insurance. These terms are subject to change, please check their websites.

trustcobank.com

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