Rates accurate as of October 14,2021
| Type of Mortgage | Interest Rate | Annual Percentage Rate (APR) | Loan Fee |
|---|---|---|---|
| 30 Year Fixed (Owner Occupied) | |||
| 30 Year Fixed (Owner Occupied) | 3.750% | 3.929% | 1% |
| 20 Year Fixed (Owner Occupied) | |||
| 20 Year Fixed (Owner Occupied) | 3.375% | 3.616% | 1% |
| 15 Year Fixed (Owner Occupied) | |||
| 15 Year Fixed (Owner Occupied) | 3.125% | 3.428% | 1% |
| 30 Year Fixed (Affordable Construction Program) | |||
| 30 Year Fixed (Affordable Construction Program) | 2.750% | 2.832% | $800 |
| 30 Year Fixed (Non-Owner Occupied) | |||
| 30 Year Fixed (Non-Owner Occupied) | 4.375% | 4.649% | 2% |
| 15 Year Fixed (Non-Owner Occupied) | |||
| 15 Year Fixed (Non-Owner Occupied) | 4.125% | 4.588% | 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) | |||
| $650,000.00 - $849,999.99 (90% max LTV) | |||
| $650,000.00 - $849,999.99 (90% max LTV) | 4.000% | 4.119% | 1% |
| $850,000 and above (90% max LTV) | |||
| $850,000 and above (90% max LTV) | 4.250% | 4.363% | 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 3.750%, Annual Percentage Rate (APR) 3.929%, 360 monthly payments of $1,111.48 each, total interest paid $164,631.13
- Owner Occupied (20-Year Mortgage): Interest rate 3.375%, Annual Percentage Rate (APR) 3.616%, 240 monthly payments of $1,376.54 each, total interest paid $94,418.61
- Owner Occupied (15-Year Mortgage): Interest rate 3.125%, Annual Percentage Rate (APR) 3.428%, 180 monthly payments of $1,671.86 each, total interest paid $64,685.30
- Non-Owner Occupied (30-Year Mortgage): Interest rate 4.375%, Annual Percentage Rate (APR) 4.649%, 360 monthly payments of $1,198.28 each, total interest paid $196,634.20
- Non-Owner Occupied (15-Year Mortgage): Interest rate 4.125%, Annual Percentage Rate (APR) 4.588%, 180 monthly payments of $1,790.32 each, total interest paid $87,208.06
Maximum loan to value of 95% on Owner Occupied (with a licensed contractor).
JUMBO LOAN PAYMENT CALCULATIONS
Calculation examples based on loan amounts shown 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.
- $655,000 loan amount: Interest rate 4.000%, Annual Percentage Rate (APR) 4.119%, 360 monthly payments of $3,127.21 each, total interest paid $483,845.34
- $850,000 loan amount: Interest rate 4.250%, Annual Percentage Rate (APR) 4.363%, 360 monthly payments of $4,180.82 each, total interest paid $673,398.23
AFFORDABLE CONSTRUCTION LOAN PROGRAM PAYMENT CALCULATION
Calculations based on $340,000.00 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) 2.832%, 360 monthly payments of $1,388.02 each, total interest paid $164,362.17.
*Green Choice Lending Program: 0.50% off loan fee for loans $500,000 and below. The reduction on loan fees for loans of $500,001 and above may not exceed $2,500.00.
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