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Mortgage Calculators

Choose the Right Mortgage for You

Selecting the right mortgage is hard. There are a number of options available to you, and Chevy Chase Bank wants to give you all the tools you need to choose the right one. That’s why we provide our mortgage calculators to help make your decision clear and simple.

• How much can I borrow? Determine the size of your mortgage.
• How much will my mortgage payments be? Learn how much you can expect to pay each month on your mortgage.
• How much will my adjustable rate payments be? Explore how much your payments will be with an Adjustable-Rate Mortgage.
• Which is better: fixed or adjustable? Determine if it is more advantageous to select a Fixed-Rate or Adjustable-Rate Mortgage.
• Should I pay points to lower the rate? Explore if paying more points will save you money over time.
• Which is better: 15- or 30-year term? Determine if it would be advantageous to have a longer term for your loan.
• How much should I put down for a new home? Explore how putting more or less money down on a new home can affect your monthly payments.
• How much can I save in taxes? Discover how much holding your mortgage can save you in taxes every year.
• Am I better off renting? Learn if renting or buying is more cost-effective for your budget and financial plans.
• Am I better off refinancing? Explore if you should refinance your current home.
• How can I reduce mortgage insurance costs? Learn if incorporating your mortgage insurance into your interest rate can save you money over time.
• How advantageous are extra payments? Figure out if it’s worth making an extra payment on your mortgage in both the short and long term.
• What home can I afford? Determine which home you can afford to buy based on your financial status.