Logix Federal Credit Union Online Banking

Logix Federal Credit Union mortgage calculators enable users to determine the best home financing option available to them, as well as calculate various payment amortization details. To view and compare all of the different types of mortgage loans offered by Logix Federal Credit Union, click here.

Rates

Logix Federal Credit Union mortgage rates can be viewed on this webpage.

Note: The rates provided are representative, to gain a more accurate understanding of what your actual mortgage rate may be, you should get in touch with a Logix lending representative, or apply for a mortgage online.

Logix FCU Mortgage Rates

Calculators

• How much home can I afford?
• Should I refinance my mortgage?
• Mortgage calculator
• Comparing mortgage terms (i.e. 15, 20, 30 year)
• Should I pay discount points for a lower interest rate?
• Should I rent or buy a home?
• Compare a ‘no-cost’ vs. traditional mortgage
• What are the tax savings generated by my mortgage?
• Which is better: Fixed or adjustable-rate mortgage?
• How do closing costs impact the interest rate?
• Adjustable rate mortgage calculator
• How much can I borrow from my home equity (HELOC)?

How to Calculate

• How much home can I afford? 

This calculator determines how large of a mortgage an individual might be able to qualify for, based on the following inputs:

• Current combined annual income
• Monthly child support
• Monthly auto payments
• Monthly credit card payments
• Monthly association fees
• Other monthly expenses
• Annual interest rate on mortgage
• Term length
• Down payment amount
• Annual property taxes
• Annual homeowner’s insurance
• Front-end ratio
• Back-end ratio

Once the above variables have been entered into the corresponding input fields on the calculator page, click the ‘Submit’ button at the bottom of the calculator to load the results.

• Should I refinance my mortgage? 

Use this calculator to determine whether or not you should refinance your mortgage. Enter the following inputs:

• Current loan balance
• Annual interest rate
• Number of months remaining
• Annual interest rate on new mortgage
• Term length
• Loan origination fee
• Other fees/discount points
• Other expenses/fees

Click the ‘Submit’ button to generate the results.

• Mortgage calculator 

This calculator determines various amortization details based on the following variables:

• Mortgage amount
• Annual interest rate
• Term length
• Desired amortization schedule
• Sale price
• Annual property taxes
• Annual hazard insurance
• Monthly mortgage insurance

Once the above inputs have been entered into the corresponding input fields on the calculator page, click the ‘Submit’ button at the bottom of the calculator to load the results.

• Comparing mortgage terms (i.e. 15, 20, 30 year)  

Compares between different mortgage term lengths in order to determine the best term length for the user’s particular financial circumstances. Enter the following inputs:

• Loan amount
• Term lengths
• Annual interest rates
• Comparison assumptions
• Cost of money
• Percentage
• Marginal tax bracket
• Years to compare total costs

Press the ‘Submit’ button to load the results of the calculation.

• Should I pay discount points for a lower interest rate? 

This calculator determines if buying discount points on a mortgage will be advantageous, based on the following variables:

• Loan amount
• Term length of loan
• Annual interest rates
• Discount points (if applicable)

Once the above variables have been entered into the corresponding input fields on the calculator page, click the ‘Submit’ button at the bottom of the calculator to load the results.

• Should I rent or buy a home?

This calculator can help an individual determine which is the better option; renting a home or buying one. Enter the following listed inputs:

• Monthly rent payment 
• Additional monthly expenses
• Monthly renter’s insurance
• Annual rate increase
• Purchase price of home
• Annual appreciation rate
• Realtor fees
• Amount of loan
• Annual interest rate
• Number of years on loan
• Closing costs
• Annual homeowner’s insurance premium
• Annual property taxes
• Annual maintenance costs
• Other assumptions

Click the ‘Submit’ button to load the results of the calculation.

• Compare a ‘no-cost’ vs. traditional mortgage 

Compares the associated costs of a traditional mortgage versus a ‘no-cost’ mortgage. Based on the following variables:

• Annual interest rates
• Discount points
• Origination fees
• Lender fees
• Credit report
• Appraisal
• Title insurance
• Reconveyance fee
• Recording fee
• Wire and courier fee
• Endorsement fee
• Title closing fee
• Document prep
• Other fees
• Comparison options
• Percentage
• Marginal tax bracket
• Years to compare costs

Once the above variables have been entered into the corresponding input fields on the calculator page, click the ‘Submit’ button at the bottom of the calculator to load the results.

• What are the tax savings generated by my mortgage? 

Determines potential tax savings from obtaining a mortgage. Enter the following inputs:

• Loan amount
• Annual interest rate
• Number of months
• Marginal tax bracket
• Desired table display

Click the ‘Submit’ button to load the results of the calculation.

• Which is better: Fixed or adjustable-rate mortgage?

Compares between fixed and adjustable rate mortgages to determine which is the better option. Based on the following listed inputs:

• Loan amount 
• Annual interest rate
• Number of years
• Current index rate
• Lenders margin added to index rate
• Index rate adjustment
• Number of months between adjustments
• Assumed maximum annual rate adjustment
• Adjustable rate details
• Comparison assumptions

Press the ‘Submit’ button to load the results of the calculation.

• How do closing costs impact the interest rate?

Calculates how the closing costs will impact the interest rate of a mortgage, based on the following variables: 

• Original loan amount
• Term length in years
• Mortgage rate
• Discount points
• Origination fee
• Lender fees
• Credit report
• Appraisal
• Title insurance
• Re-conveyance fee
• Recording fee
• Other fees

Once the above variables have been entered into the corresponding input fields on the calculator page, click the ‘Submit’ button at the bottom of the calculator to load the results.

• Adjustable rate mortgage calculator 

Determines how interest rate assumptions impact monthly payment amounts and the total amount of interest paid over the term length of a mortgage. Enter the following inputs:

• Loan amount
• Initial interest rate
• Number of months
• Minimum rate over term of loan
• Maximum rate over term of loan
• Months before first rate adjustment
• Months between rate adjustments
• Assumed rate adjustment

Press the ‘Submit’ button to load the results of the calculation.

• How much can I borrow from my home equity (HELOC)?

Determines potential borrowing capacity for home equity loan, based on the following inputs:

• Current market value of home
• Outstanding mortgage balance
• Loan-to-Value percentage

Once the above variables have been entered into the corresponding input fields on the calculator page, click the ‘Submit’ button at the bottom of the calculator to load the results.