M&T Home Loans Mortgage Rates and Calculator

M&T bank offers its clients a free service of calculators. If you are seeking a mortgage loan or still doesn’t know if the best option for you is to buy or rent a property, check this feature.

In the bank website there is a page dedicated exclusively to financial questions.

Here you’ll get an explanation of each calculator for those who want to buy or rent a property.

1- How much can I borrow?

Use this calculator to check what is the loan amount that best apply to your current economic situation.

How much can I borrow? – M&T Calculator

As you can see in the image above, fill in with the required information as :

• Monthly Income
• Monthly Payments
• Debts
• Loan Terms
• Taxes Expected

After doing it, click in “See Your Results” . Notice that you can navigate by tabs located in the top of the calculator.

2- How much will my mortgage payments be?

How much will my mortgage payments be? – M&T Calculator

For those who are seeking a mortgage loan this is the best calculator. It will show you, according to your loan terms, how much will your mortgage payments be. All you have to do is to fill in with the required information as seen above and click in “See Your Results”.

3-Which is better: 15- or 30- year loan term?

If you’re still in doubt about your loan term, check this calculator. Make the calculus and check what better applies to you.

Which is better: 15- or 30- year loan term? – M&T Calculator

4-How much should I put down for a new home?

This calculator will show you what is the down payment you’ll have to do to buy the desired property.

How much should I put down fr a new home? – M&T Calculator

Following the same model, all you have to do is fill in with the required information as seen above and click in See Your Results.

5-Am I better off refinancing?

Sometimes the economic situation changes and you may start asking yourself if refinancing your loan isn’t the best option.

Check this calculator to see if you’re doing the best thing.

Am I better off refinancing? – M&T Calculator

6-How advantageous are extra payments?

If you don’t consider refinancing but want to do an extra payment, check with this calculator if you’re doing the best thing. All you have to do is to fill in with the required information as seen below.

7-What home can I afford?

Last but not least you’ll find the calculator that will show you what is the max amount that you can afford according to your current economic situation. You can adjust filling in the blanks according to your income available.

• What is a successor in interest?

  A successor in interest is someone who has an ownership interest in real estate property as a result of a transfer from an original borrower/owner.
  You may qualify as a successor in interest if the property was transferred to you:

  • As a surviving heir, due to the death of a relative or property co-owner
  • From a living spouse or parent
  • As a result of a divorce or legal separation
  • As part of a living trust

  Learn more about Successor in Interest >

• How do I apply to be confirmed as a successor in interest?

  ​Once you learn that you have a qualifying real estate property ownership interest, you will need to apply to be a successor in interest and provide us documentation to confirm your identity and your interest. The necessary documentation will vary depending on your specific situation.

  You can contact us for documentation information in one of two ways:

  • Submit a written request to:
    M&T Bank
    PO Box 1288
    Buffalo, NY 14240
  • Call 1-800-724-2224 (Monday–Friday 8:30am–8:00pm ET)

  Learn more about Successor in Interest >

• How do I notify M&T of the death of a mortgage borrower?

  Please send us with the following documentation:

  • A legible copy of the death certificate with a visual seal
  • A copy of the Letters of Testimony appointment an Executor of the Estate, if applicable

  Documentation can be sent in the following ways:

  • Mail.
    M&T Bank
    PO Box 1288
    Buffalo NY, 14201
  • Fax. 1-866-409-4652
  • Email. mtgservice@mtb.com

  If you now have an ownership interest in the property as a result of the death, learn how to apply to be confirmed a successor in interest.

Sign up for M&T Online Banking to access My Mortgage Info and your mortgage account details.

All you need to get started is:

• Your mortgage loan account number
• Social security number
• Email address

Enroll Now ›

Enrollment Instructions >

My Mortgage Info helps you manage your mortgage account online.

Sign up for electronic notifications.

• Receive emails when a payment is received by M&T or when M&T pays a tax or insurance bill
• If you’ve signed up for electronic mortgage statements through M&T Online banking, you’ll receive a notification when your monthly statement is ready for viewing. Learn how to retrieve your statement

​​​Request information and documents.

• Obtain up-to-date payoff information
• Request a loan amortization schedule which can be viewed online
• Review and order loan documents – including your property appraisal and survey¹

​​​Monitor your accounts.

• View principal balance, interest rate and a breakdown of your mortgage payment
• If you have an Adjustable Rate Mortgage (ARM), find out when your next interest rate adjustment will take place
• Get escrow account information, including your current escrow account balance, scheduled tax and insurance payments, and information on mortgage insurance
• Review tax and mortgage interest information including taxes and interest paid last year
• See loan activity for up to 24 months or 50 transactions

​​Make payments.

• Sign up for Automatic Payment for your M&T mortgage to be paid via automatic withdrawal from your savings or checking account
• Make one-time mortgage payments
• If you’ve already enrolled in M&T Online Banking, access instructions on how to make a payment online

​​Additional Resources

View and print “how to” instructions for some common tasks related to your mortgage account:

• Enroll in M&T Online Banking (PDF)
• Make a Mortgage Payment (PDF)
• Access Online Mortgage Statements (PDF)
• Sign up for Automatic Payments (PDF)

​​Update your account information.

Make changes to your email address, password, telephone and fax numbers.