Rates accurate as of February 1, 2023
Type of Mortgage Interest Rate Annual Percentage Rate (APR) Loan Fee
30 Year Fixed (Owner Occupied)
30 Year Fixed (Owner Occupied) 6.875% 7.101% 1%
20 Year Fixed (Owner Occupied)
20 Year Fixed (Owner Occupied) 6.500% 6.785% 1%
15 Year Fixed (Owner Occupied)
15 Year Fixed (Owner Occupied) 6.125% 6.470% 1%
30 Year Fixed (Affordable Construction Program)
30 Year Fixed (Affordable Construction Program) 2.750% 2.818% $800
30 Year Fixed (Non-Owner Occupied)
30 Year Fixed (Non-Owner Occupied) 7.125% 7.459% 2%
15 Year Fixed (Non-Owner Occupied)
15 Year Fixed (Non-Owner Occupied) 6.375% 6.881% 2%
Green Choice Lending Program*
Green Choice Lending Program* 0.50% Off Loan Fee
Type of Mortgage Interest Rate Annual Percentage Rate (APR) Loan Fee
Jumbo Construction (30 Year)
$725,000.00 and above (80% max LTV)
$725,000.00 and above (80% max LTV) 7.125% 7.270% 1%

HOME LOAN PAYMENT CALCULATIONS
Calculations based on $240,000.00 conventional loan with 20% down payment (purchase) or equity position (refinancing). Payment calculations are principal and interest only and do not include taxes or insurance which may increase your monthly payment.

  • Owner Occupied (30-Year Mortgage): Interest rate 6.875%, Annual Percentage Rate (APR) 7.101%, 360 monthly payments of $1,576.63 each, total interest paid $335,835.67.
  • Owner Occupied (20-Year Mortgage): Interest rate 6.500%, Annual Percentage Rate (APR) 6.785%, 240 monthly payments of $1,789.38 each, total interest paid $197,248.93.
  • Owner Occupied (15-Year Mortgage): Interest rate 6.125%, Annual Percentage Rate (APR) 6.470%, 180 monthly payments of $2,041.50 each, total interest paid $134,819.86.
  • Non-Owner Occupied (30-Year Mortgage): Interest rate 7.125%, Annual Percentage Rate (APR) 7.459%, 360 monthly payments of $1,616.92 each, total interest paid $350,646.64.
  • Non-Owner Occupied (15-Year Mortgage): Interest rate 6.375%, Annual Percentage Rate (APR) 6.881%, 180 monthly payments of $2,074.20 each, total interest paid $141,006.18.

Maximum loan to value of 95% on Owner Occupied (with a licensed contractor).

JUMBO LOAN PAYMENT CALCULATIONS
Calculation example based on loan amount shown with 20% down payment (purchase) or equity position (refinancing). Payment calculation is principal and interest only and does not include taxes or insurance which may increase your monthly payment.

  • $725,000 loan amount (80% max LTV): Interest rate 7.125%, Annual Percentage Rate (APR) 7.270%, 360 monthly payments of $4,884.46 each, total interest paid $1,059,233.12.

At OlyFed we do offer Jumbo Loans with as little as 10% down; however, Private Mortgage Insurance (PMI) is required with loans that have less than 20% down. Contact an OlyFed Loan Officer for more details.

AFFORDABLE CONSTRUCTION LOAN PROGRAM PAYMENT CALCULATION 
Calculations based on $410,000.00 conventional loan with 5% down payment. Payment calculations are principal and interest only and do not include taxes, insurance or Private Mortgage Insurance (PMI), which may increase your monthly payment.

  • Affordable Construction Loan Program (30-Year Mortgage): Interest rate 2.750%, Annual Percentage Rate (APR) 2.818%, 360 monthly payments of $1,673.79 each, total interest paid $198,201.07.

*Green Choice Lending Program: 0.50% off loan fee for loans $724,999 and below.

Member FDIC
Equal Housing Lender