The PSECU Home Advantage
Buying a home in Pennsylvania isn't just about the interest rate—it's about the total cost of ownership. For PSECU members, the mortgage process comes with distinct advantages, including our "Real Estate Rewards" program and simplified, low-fee options. This calculator is your first step toward the keys.
Why Estimate with PSECU?
Cash Rewards
Members who use a participating agent can earn cash back at closing, offsetting some cost.
Low Closing Costs
We work to keep lender fees minimal, putting more money back in your pocket for furniture.
Rate Lock
See how locking your rate affects your payment stability over 15 or 30 years.
Amortization 101
This tool uses the standard formula to show how your payment is split. Notice how in the early years, you mostly pay interest, but over time, you build equity faster.
Payment = P • [ r(1+r)^n ] / [ (1+r)^n - 1 ]
r = monthly rate, n = number of payments.
Common Member Questions
- Can I use this for a refinance?
- Yes, but for a more precise check on saving money vs. your current loan, try our dedicated Refinance Calculator.
- Does PSECU sell my mortgage?
- Unlike many banks, PSECU generally services a large portion of its loans, meaning you often continue to deal with us, not a stranger.
- Is PMI required for 10% down?
- Typically yes, but check our current "No PMI" offers. Some ARM products allow lower down payments without the added insurance cost.
Disclaimer: Educational use only. Actual rates depend on creditworthiness. PSECU is an Equal Housing Lender.