Rates accurate as of July 9, 2020
| Type of Mortgage | Interest Rate | Annual Percentage Rate (APR) | Loan Fee |
|---|---|---|---|
| 30 Year Fixed (Owner Occupied) | |||
| 30 Year Fixed (Owner Occupied) | 3.625% | 3.783% | 1% |
| 20 Year Fixed (Owner Occupied) | |||
| 20 Year Fixed (Owner Occupied) | 3.375% | 3.591% | 1% |
| 15 Year Fixed (Owner Occupied) | |||
| 15 Year Fixed (Owner Occupied) | 3.125% | 3.398% | 1% |
| 30 Year Fixed (Non-Owner Occupied) | |||
| 30 Year Fixed (Non-Owner Occupied) | 4.250% | 4.503% | 2% |
| 15 Year Fixed (Non-Owner Occupied) | |||
| 15 Year Fixed (Non-Owner Occupied) | 4.000% | 4.430% | 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) | 3.875% | 3.985% | 1% |
| $850,000 and above (90% max LTV) | |||
| $850,000 and above (90% max LTV) | 4.125% | 4.231% | 1% |
HOME LOAN PAYMENT CALCULATIONS
Calculations based on $240,000.00 conventional loan with 20% down payment (purchase) or equity position (refinancing).
- Owner Occupied (30-Year Mortgage): Interest rate 3.625%, Annual Percentage Rate (APR) 3.783%, 360 monthly payments of $1,094.52 each, total interest paid $157,291.76
- Owner Occupied (20-Year Mortgage): Interest rate 3.375%, Annual Percentage Rate (APR) 3.591%, 240 monthly payments of $1,376.54 each, total interest paid $93,406.11
- Owner Occupied (15-Year Mortgage): Interest rate 3.125%, Annual Percentage Rate (APR) 3.398%, 180 monthly payments of $1,671.86 each, total interest paid $63,747.80
- Non-Owner Occupied (30-Year Mortgage): Interest rate 4.250%, Annual Percentage Rate (APR) 4.503%, 360 monthly payments of $1,180.66 each, total interest paid $188,859.55
- Non-Owner Occupied (15-Year Mortgage): Interest rate 4.000%, Annual Percentage Rate (APR) 4.430%, 180 monthly payments of $1,775.25 each, total interest paid $83,145.33
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 3.875%, Annual Percentage Rate (APR) 3.985%, 360 monthly payments of $3,080.05 each, total interest paid $463,337.79
- $850,000 loan amount: Interest rate 4.125%, Annual Percentage Rate (APR) 4.231%, 360 monthly payments of $4,119.52 each, total interest paid $646,177.54
*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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