**First Commonwealth Bank mortgage calculators **are offered to users to help them quickly determine the various home financing options available to them. For a complete overview of the mortgage loans and services offered by First Commonwealth Bank, click here.

## Rates

First Commonwealth Bank mortgage rates can be viewed on the First Commonwealth Mortgage website. For more detailed mortgage rate information, and to learn more about all of the mortgages offered by First Commonwealth Bank, get in touch with a lending representative at (1-844-221-3500).

## Calculators

- Should I refinance?
- How much will my fixed rate mortgage payment be?
- How much will my adjustable rate mortgage payments be?
- How much will my payments be for a balloon mortgage?
- Should I rent or buy?
- Which mortgage is better for me?
- How much will I save by increasing my mortgage payment?
- How much mortgage might I qualify for?

## How to Calculate

Determines if the interest savings from refinancing a mortgage will be larger than the costs of refinancing that mortgage. Based on the following inputs:

- Original loan amount
- Original mortgage length
- Date of loan
- Current interest rate
- Cash out amount on refinance
- New interest rate
- Points
- Fees/closing costs
- New loan term length
- Income tax rate
- Savings rate
- Length of property ownership

Click the ‘Compute’ button at the bottom of the calculator to load the results.

Determines the approximate monthly payment amount on a fixed-rate mortgage. Enter the following variables on the calculator page:

- Home price
- Down payment amount
- Loan term length
- Interest rate

The results will display below the calculator once the ‘Compute’ button has been pressed.

Determines the approximate monthly payment amount on an adjustable-rate mortgage. Based on the following inputs:

- Home price
- Down payment amount
- Loan term length
- Interest rate
- Rate cap
- Rate increase at first interval
- Rate increase each subsequent interval
- Months before first increase
- Months between increases

Click the Compute’ button to generate the results.

Calculates how much the monthly payments will be on a balloon mortgage, based on the following variables:

- Home price
- Down payment amount

- Amortization length
- Balloon payment after
- Interest rate

Press the ‘Compute’ button at the bottom of the calculator to load the results.

Determines which option will save the most money, renting a home versus buying one. Enter the following inputs on the calculator page:

- Monthly rent
- Monthly renter’s insurance
- Rent increase per year

- Home price
- Down payment
- Interest rate
- Loan term length
- Points
- Closing costs
- Home information
- Personal information

The results will display below the calculator once the ‘Compute’ button has been pressed.

Compares between up to three different mortgages in order to help an individual determine which of the three is the best option for them. Enter the following inputs for each mortgage:

- Down payment
- Loan term
- Interest rate
- Points
- Other fees
- Loan type
- Adjustable type
- Maximum initial rate adjustment
- Maximum subsequent adjustment
- Anticipated rate cap
- Home price
- Income tax rate
- Tax savings rate
- Length of home ownership

Press the ‘Compute’ button at the bottom of the calculator to load the results.

Determines how much money might be saved by increasing monthly mortgage payments, based on the following inputs:

- Original loan amount
- Original mortgage term length
- Date of loan
- Interest rate
- Date of first extra payment
- Additional payment amount

The results will display below the calculator once the ‘Compute’ button has been pressed.

Calculates approximately how large of a mortgage an individual might be able to qualify for. Enter the following variables:

- Combined gross annual income
- Minimum monthly credit card payments
- Car payments
- Other fixed monthly debts
- Down payment
- Interest rate
- Loan term
- Monthly insurance
- Monthly association dues
- Annual property tax

Click the ‘Compute’ button to generate the results.