Rates accurate as of February 1, 2023
| Type of Loan | Interest Rate | Annual Percentage Rate (APR) | Loan Fee |
|---|---|---|---|
| 20 Year Fixed (Owner Occupied) | |||
| 20 Year Fixed (Owner Occupied) | 7.250% | 7.566% | 1% |
| 15 Year Fixed (Owner Occupied) | |||
| 15 Year Fixed (Owner Occupied) | 7.000% | 7.387% | 1% |
| 20 Year Fixed (Non-Owner Occupied) | |||
| 20 Year Fixed (Non-Owner Occupied) | 9.00% | 9.349% | 1% |
| 15 Year Fixed (Non-Owner Occupied) | |||
| 15 Year Fixed (Non-Owner Occupied) | 8.750% | 9.170% | 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 7.250%, Annual Percentage Rate (APR) 7.566%, 240 monthly payments of $790.38 each, total interest paid $89,991.13
- Owner Occupied (15-Year Mortgage): Interest rate 7.000%, Annual Percentage Rate (APR) 7.387%, 180 monthly payments of $898.83 each, total interest paid $62,080.33
- Non-Owner Occupied (20-Year Mortgage): Interest rate 9.000%, Annual Percentage Rate (APR) 9.349%, 240 monthly payments of $899.73 each, total interest paid $116,307.83
- Non-Owner Occupied (15-Year Mortgage): Interest rate 8.750%, Annual Percentage Rate (APR) 9.170%, 180 monthly payments of $999.45 each, total interest paid $80,265.21
Member FDIC
Equal Housing Lender
