## UCBI Mortgage Rates and Calculator – Home Loans |

**UCBI** bank offers its users a **free service of calculators** for those who are seeking a mortgage loan for home or those who still don’t know if their best option is to buy or rent property.

### Should I Refinance?

This calculator will show if refinancing is the best option for you. To refinance at lower interest rates other charges apply. The results depend on how long you plan to keep your ownership. Fill in with the information below:

**Current Loan:**

- Original loan sum
- Original mortgage lenght
- Date of loan
- Current interest rate

**New Loan:**

- Amount you wish to cash out upon refinance
- New interest rate
- Points
- Fees and closing costs
- New loan term

- Income tax rate
- Savings rate
- How long you will keep this ownership

After filling in with the information above click on compute to see the results.

### How Much Will My Fixed Rate Mortgage Payment Be?

This calculator computes the payments per month using monthly interest compounding for a fixed rate loan. Fill in with the information below then click on compute to see the results:

- Property price
- Down payment
- Loan term
- Interest rate

### How Much Will My Adjustable Rate Mortgage Payments Be?

This calculator computes the estimated payments and interest for an adjustable rate loan. Fill in with the required information listed below:

- Home price
- Down payment
- Loan term
- Beginning interest rate
- Life rate cap
- Maximum amount the rate will increase at the first interval
- Maximum amount the rate will increase at each subsequent interval
- Number of months before the first rate increase
- Number of months between subsequent rate increases

### How Much Will My Payments Be For a Balloon Mortgage?

This calculator computes the payment amount necessary for a mortgage with a balloon payment, using monthly interest compounding and monthly payments. The term of a ballon mortagage is normally short but the payment amount is amortized over a longer term. Usually the interest rate is lower but the final balloon payment is substantial. List of required information below:

- Home price
- Down payment amount
- Amortized over (term)
- Balloon payment after
- Interest rate

### Should I Rent or Buy?

This calculator shows a comparison between costs of buying versus the costs of renting a property.

**Rent Information**

- Rent per month
- Monthly renter’s insurance
- How much will rent increase each year?

**Purchase Information**

- Property price
- Down payment
- Interest rate
- Loan term
- Points
- Closing cost for buying

**Home Information**

- Annual property taxes
- Average monthly maintenance
- Monthly homeowner’s insurance
- How much will your home appreciate each year?
- Other monthly costs

**Personal Information**

- State and Federal tax rate
- Investment rate of return
- How long will you stay in this property?

**Sale Information**

- Real estate agent commission
- Closing cost for selling

### Which Mortgage is Better For Me?

This calculator will show you a comparison between the total cost of any two or three mortgages. This analysis includes the effect of a tax deduction for interest, if it’s not your case or you don’t want to show the tax deduction, choose an income tax rate of zero.

Fill in with the required information:

**Loan Details**– Notice that you have three columns to fill up, if you just want compare two mortgage just don’t fill the last column. Fill in with information as : Loan ID, Down Payment, Loan Term, Interest Rate, Points, Other Fees, Loan Type, Adjustable Type, Maximum initial rate adjustment, Maximum subsequent rate adjustment and Anticipated rate cap.

**All Loans**– Fill in with : Home price, Income tax rate, After tax savings rate and How long will you stay in this property.

### How Much Mortgage Might I Qualify For?

This calculator should be used for estimation purposes only. Most lenders base their home loan qualification on both your total monthly gross income and your monthly expenses. Fill in with the required information as:

- Combined gross annual income
- Minimum monthly credit card payments
- Car payments
- Other fixed monthly debt expenses
- Loan Information
- Payment Information

### Should I Consolidate my Loans?

This calculator determines the pros and cons of consolidating various loans and credit card debt. Click the “Add” button to enter up to a total of 10 different loans and credit cards.

Fill in with information as:** Loans** (remaining amount), **Credit Cards** (remaining amount),** Consolidated Loan** (loan type, interest rate, term, fees, points, savings rate and tax rate)