Rates accurate as of June 24, 2022
| Type of Loan | Interest Rate | Annual Percentage Rate (APR) | Loan Fee |
|---|---|---|---|
| 20 Year Fixed (Owner Occupied) | |||
| 20 Year Fixed (Owner Occupied) | 6.750% | 7.057% | 1% |
| 15 Year Fixed (Owner Occupied) | |||
| 15 Year Fixed (Owner Occupied) | 6.500% | 6.878% | 1% |
| 20 Year Fixed (Non-Owner Occupied) | |||
| 20 Year Fixed (Non-Owner Occupied) | 8.500% | 8.839% | 1% |
| 15 Year Fixed (Non-Owner Occupied) | |||
| 15 Year Fixed (Non-Owner Occupied) | 8.250% | 8.660% | 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 6.750%, Annual Percentage Rate (APR) 7.057%, 240 monthly payments of $760.36 each, total interest paid $82,488.43
- Owner Occupied (15-Year Mortgage): Interest rate 6.500%, Annual Percentage Rate (APR) 6.878%, 180 monthly payments of $871.11 each, total interest paid $56,798.89
- Non-Owner Occupied (20-Year Mortgage): Interest rate 8.500%, Annual Percentage Rate (APR) 8.839%, 240 monthly payments of $867.82 each, total interest paid $108,279.05
- Non-Owner Occupied (15-Year Mortgage): Interest rate 8.250%, Annual Percentage Rate (APR) 8.660%, 180 monthly payments of $970.14 each, total interest paid $74,625.31
Member FDIC
Equal Housing Lender
