Rates accurate as of January 20, 2022
| Type of Loan | Interest Rate | Annual Percentage Rate (APR) | Loan Fee |
|---|---|---|---|
| 20 Year Fixed (Owner Occupied) | |||
| 20 Year Fixed (Owner Occupied) | 5.875% | 6.166% | 1% |
| 15 Year Fixed (Owner Occupied) | |||
| 15 Year Fixed (Owner Occupied) | 5.750% | 6.115% | 1% |
| 20 Year Fixed (Non-Owner Occupied) | |||
| 20 Year Fixed (Non-Owner Occupied) | 7.750% | 8.075% | 1% |
| 15 Year Fixed (Non-Owner Occupied) | |||
| 15 Year Fixed (Non-Owner Occupied) | 7.375% | 7.769% | 1% |
HOME LOAN PAYMENT CALCULATIONS
Calculations based on $100,000.00 conventional loan with 30% down payment (purchase) or equity position (refinancing) for owner occupied financing and 40% down payment (purchase) or equity position (refinancing) for non-owner occupied financing. Payment examples are principal and interest only and do not include taxes and insurance which may result in a higher monthly payment.
- Owner Occupied (20-Year Mortgage): Interest rate 5.875%, Annual Percentage Rate (APR) 6.166%, 240 monthly payments of $709.24 each, total interest paid $70,216.83
- Owner Occupied (15-Year Mortgage): Interest rate 5.750%, Annual Percentage Rate (APR) 6.115%, 180 monthly payments of $830.41each, total interest paid $49,473.79
- Non-Owner Occupied (20-Year Mortgage): Interest rate 7.750%, Annual Percentage Rate (APR) 8.075%, 240 monthly payments of $820.95 each, total interest paid $97,027.26
- Non-Owner Occupied (15-Year Mortgage): Interest rate 7.375%, Annual Percentage Rate (APR) 7.769%, 180 monthly payments of $919.92 each, total interest paid $65,586.71
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