What is a B2B Bank mortgage calculator?
B2B Bank provides both fixed and variable-rate mortgages. Variable-rate mortgages are available for three and 5-year terms at the APRs ranging from 5.47% to 5.48%. Fixed-rate mortgages are available for terms of 6 months to 10 years at the APRs ranging from 6.07% to 9.38% depending on the term, with higher rates applied to open mortgages.
B2B Bank mortgages are available through B2B Bank’s partner brokers. To apply, you will need to find a broker near you who will submit a mortgage application to B2B Bank on your behalf.
You can use the mortgage calculator tool to figure out what your mortgage payments may look like. With this tool, you can not only calculate the estimated regular payment amount but also compare two mortgage options with different conditions.
B2B Bank mortgage calculators
To help mortgage brokers and dealers estimate their clients’ regular payment amounts, B2B Banks has designed the mortgage loan calculator. This tool enables you to estimate your regular payments for different payment schedules and compare two mortgage scenarios with different essential parameters.
Take advantage of our mortgage calculator if you want to estimate the cost of your future loan with B2B.
Why do you need a B2B Bank mortgage calculator?
The mortgage calculator makes it easier for you to estimate your mortgage repayment costs. By entering the values for your mortgage amount, the amortization period, and interest rates into the calculator, you will get the estimated payment amount for different repayment schedules — monthly, bi-weekly, accelerated bi-weekly, weekly, and accelerated weekly payments. Plus, you can see how two mortgage options compare in terms of regular payments so that you can choose the solution that works best for you.
How to use a B2B Bank mortgage calculator?
To calculate the amount of your regular payment, fill out the required fields in the mortgage calculator your mortgage parameters — the mortgage amount, amortization period, and interest rate. Once you do, you will see the estimated payments for different repayment schedules.
For example, let’s assume you want to borrow $150,000 at a 6.16% interest rate with a 23-year amortization period. By entering these values into the calculator, you will get the following estimated payments:
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A $1,010.67 monthly payment
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A $466.46 bi-weekly payment
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A $505.34 accelerated bi-weekly payment
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A $233.23 weekly payment
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A $252.67 accelerated weekly payment
How to compare B2B Bank mortgages be compared using a B2B Bank mortgage calculator?
With the mortgage calculator tool, you can compare two mortgage scenarios that may differ in such key parameters as the mortgage amount, amortization period, and interest rate. Once you enter the values for these parameters into the designated fields in the mortgage calculator, you will see the estimated payments for both mortgage options.
For example, you can compare borrowing $140,000 at a 6.16% interest rate with a 23-year amortization period against borrowing $180,000 under the same loan conditions. Your monthly payment will be $943.30 in the first case and $1,212.81 in the second case.
