What is a UNI mortgage calculator?
UNI offers a range of mortgage solutions with open and closed terms and fixed and variable rates. Fixed-rate open mortgages are available for terms of 6 months and 1 year with an 8.25% APR. Fixed-rate closed mortgages are available for terms of 6 months to 10 years, with the APRs ranging from 5.99% to 6.94%. The APRs for variable-rate mortgages range from 5.45% to 6.09%.
Book an appointment with a UNI advisor to apply for a UNI mortgage.
To better understand your housing expenses, you can use the mortgage calculator tool. This tool can calculate the amortization period, mortgage amount you can afford, interest rate, or regular payment amount, given the other essential mortgage parameters.
UNI mortgage calculators
UNI provides several mortgage calculator tools on its website:
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Mortgage calculation tables to come up with the budget for your home-buying project
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Mortgage calculator to estimate the mortgage amount, interest rate, and regular payment based on the key mortgage parameters
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Mortgage affordability calculator to estimate the maximum value of a property that you can afford
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Mortgage comparison calculator to compare up to three mortgage options in terms of a monthly payment
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Mortgage prepayment calculator to estimate the potential penalties you may face when exceeding the allowed prepayment amount
There are calculators on this website for you to conveniently calculate the cost of your future mortgage.
Why do you need a UNI mortgage calculator?
With the mortgage calculator, you can estimate the following mortgage parameters that matter:
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The amortization period, given the payment frequency, mortgage amount, interest rate, and mortgage payment
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The mortgage amount you can afford, given the payment frequency, amortization period, interest rate, and mortgage payment
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The interest rate, given the payment frequency, amortization period, mortgage amount, and mortgage payment
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The regular payment amount, given the payment frequency, amortization period, mortgage amount, and interest rate
These calculations will help you plan your household budget further.
How to use a UNI mortgage calculator?
You can use the mortgage calculator to estimate your regular payments. For example, let’s assume you want to borrow $87,000 at a 6.29% interest rate with an 18-month amortization period and repay your mortgage monthly. After entering the values for these mortgage parameters in the mortgage calculator, you will get a $669.88 monthly payment.
Similarly, you can calculate the amortization period, mortgage amount, and interest rate by entering the other essential mortgage parameters.
How to compare UNI mortgages using a mortgage calculator?
By modifying the values for the mortgage parameters used as input, you can compare different mortgage options by the amortization period, mortgage amount, interest rate, or regular payment amount and choose the solution that meets your needs and budget constraints.
