Why a mortgage calculator helps you
The monthly payment for your mortgage loan will likely be the biggest contributor to your cost of living. Whether you live in California or elsewhere, you can use this mortgage calculator to help you determine what you can afford and what type of loan is right for you.
Decide if an ARM is a good fit for you
An adjustable-rate mortgage (ARM) starts at an initial rate, then changes over time. Redwood Credit Union’s 5/5 ARM can be a great choice if you plan on being in a home for just a few years, or don’t want yearly changes to your monthly payment.
Learn moreFind the right length of term for your home loan
A 30-year fixed-rate will lower your monthly payment, but a 15-year fixed rate will reduce the total amount of interest you pay on the loan.
Learn moreAsk important questions before deciding
Remember to review all the details and compare several loans before making your decision.
Learn moreHomeowners Insurance: 100
Mortgage Insurance: 167
Amortization
Amortization calculators – monthly or annual schedule
Don't like surprises? Then take a look at these calculators.
View calculatorEquity
Home equity line of credit
Determine how large of a line you may be able to receive based on the value of your home.
View calculatorHome equity line of credit repayment
Learn how long it could take to pay off your line of credit with this convenient calculator. Determine the adjustments you can make to meet your repayment goals.
View calculatorMortgage
Mortgage points calculator
Determine if it makes sense for you to buy down a mortgage using points and how many points make sense.
View calculatorTotal Cost of Loan Mortgage Calculator
Use this calculator to get a full understanding of your mortgage loan–home insurance, HOA fees, Property taxes, etc.
View calculatorRefinance
Should I refinance?
Calculate how much interest you can save if you refinance your mortgage.
View calculatorSolar
Get a customized quote for homes, townhomes, condos and more today!
Advanced Options
Property Tax Rate
The tax that you are required to pay as a property owner levied by the city or municipality. Lookup your county rate or state average rate for a more accurate calculation.
Homeowners Insurance (Monthly)
The standard insurance policy that covers damage to your property and the things you keep in it. The average annual homeowners insurance premium is around $1,200.
HOA Fees (Monthly)
These are dues that are used by a homeowners association toward maintenance of common areas used by all homeowners in a housing development or complex.
Private Mortgage Insurance Rate
The premium for the insurance policy for FHA loans and conventional mortgages if your down payment is less than 20%. PMI typically costs between 0.5% to 1% of the entire loan amount on an annual basis. Only calculated if down payment is less than 20% of mortgage amount.
Disclosure
This calculation represents an estimate. Calculation does not factor credit score. Default input values are estimates.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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