Mortgage Calculator input with New York Mortgage Rates.

For residents of New York the rates offered by Hudson City Savings Bank can be used to enter current mortgage rate information in the various mortgage calculators.  Use the mortgage calculators at selectcalculators.com to test your financial options and see what strategy will work best regarding either a home purchase or home loan refinance.

Hudson City Savings Bank is a one of the largest thrifts in the nation.  The bank offers a wide assortment of mortgage rates and terms and the bank is lending money for new and existing homeowners.  Hudson City Savings Bank has over $51 billion in assets and over 125 branches throughout the New Jersey, New York and Connecticut.

Hudson City Savings Bank has the following mortgage rates for conforming loans in amounts less than $417,000.00.  Each of these mortgage loans has a 0% mortgage commitment fee.  There is a 1% fee refundable at closing.  The 1% fee is actually due at time of commitment acceptance which will be refunded when and if the loan closes

A 10 year mortgage with an interest rate of 4.875% and an APR of 4.959%.  Using the mortgage payment calculator the monthly mortgage payment on a $350,000.00 home loan would be $3,692.50 per month.

A 15 year mortgage with an interest rate of 5.000% and an APR of 5.059%.  Using the mortgage payment calculator with this mortgage rate, the monthly mortgage payment on a $350,000.00 home loan would be $2,768.50 per month.

A 20 year mortgage with an interest rate of 5.250% and an APR of 5.297%.  Using the mortgage payment calculator on the 20 year mortgage, the monthly mortgage payment on a $350,000.00 home loan would be $2,359.00 per month.

A 30 year mortgage with an interest rate of 5.375% and an APR of 5.410%.  With this traditional mortgage rate, the mortgage payment calculator calculates a monthly mortgage payment on a $350,000.00 home loan of $1,960.00 per month.

A 30 year interest only mortgage with an interest rate of 5.625% and an APR of 5.657%.  Even with the higher mortgage rate, the mortgage calculator calculates a $1,641.50 monthly mortgage payment based on this interest only mortgage rate.

A 40 year mortgage with an interest rate of 5.625% and an APR of 5.653%.  The mortgage payment calculator shows the monthly mortgage payment on a $350,000.00 home loan would be $1,834.00 per month based on this 40 year mortgage rate..

Mortgage interest rates are locked in at time of receipt of an application and will hold through the processing of the loan application plus an additional 90 day commitment period.  All mortgage interest rates quoted are based on a 90 day commitment.  The bank offers additional extended rate lock pricing.

All the above mortgage rates listed below are based on full documentation loans only.  The property being purchased or refinanced must be located within the state of New York.

The fixed rate mortgages are the most widely used method of financing a home.  The mortgage interest rate remains the same for the life of the loan on each of these products.  The monthly payment of principal and interest does not vary.

According to the Hudson City Savings Bank web site, the bank was recently named the most efficient bank in the nation, among the largest 500 US bank holding companies for first quarter of this year according to American Banker.  Furthermore, the bank was listed among the top 500 companies in America by Forbes as well as receiving a number one rating in the nation for asset quality among top banks by Keefe, Bruyette & Woods, Inc

For those consumers interested in a Hudson City mortgage, or have questions about the best mortgage to meet their needs, the bank can be contacted by either e-mail, phone or by visiting one of the bank branches or mortgage centers.  Consumers can also download a mortgage application.  The phone is 800-222-0194.  The web address is www.hcsbonline.com.

Tags: 30 year mortgage rates, 40 year mortgage rates, interest only mortgage rates, mortgage calculator, mortgage payment calculator, mortgage rates, New York mortgage rates

This entry was posted on Monday, January 19th, 2009 at 4:11 pm and is filed under Mortgage Ads and Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.