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| *Based on standard amortization, individual results may vary. We assume that
no prepayments were made prior to the start of your bi-weekly payments. The
interest rate comparison assumes that you refinance your outstanding mortgage
balance with a new mortgage that has a term the same length as your original
mortgage. In the case presented, this is $250,000 for 30 years. No closing costs
are taken into consideration, which could add to the cost of refinancing. |
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Whether your plan involves buying a new home or just refinancing, let our mortgage loan specialist customize
a mortgage solution just for you.
- No Points or Origination Fees
- Streamlined Application Process and Closings
Let our lending specialists create a customized
mortgage solution that suits your grand plan.
Linda L. Lawless
Mortgage Department
Planites Credit Union
Phone: 312-653-3550
Email: mortgages@planites.org
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Bi-Weekly
Payments |
Monthly
Payments |
| Mortgage
Amount |
$250,000 |
$250,000 |
| Interest Rate |
5.00% |
5.00% |
| Payment |
$671.03
bi-weekly debit** |
$1,342.05
monthly |
| Years to Repay |
25.3 years |
30 years |
| Total Interest |
$191,429 |
$233,141 |
| Interest Savings |
$41,712* |
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