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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.
- Streamlined Application Process and Closings
- FHA and VA Programs Available
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 |
$200,000 |
$200,000 |
| Interest Rate |
4.25% |
4.25% |
| Payment |
$491.94
bi-weekly debit** |
$983.88
monthly |
| Years to Repay |
25.6 years |
30 years |
| Total Interest |
$128,268.72 |
$154,196.69 |
| Interest Savings |
$25,927.97 |
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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 $200,000 for 30 years. No closing costs are taken into consideration, which could add to the cost of refinancing.
*Rates and Terms are subject to change |
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