Rates accurate as of September 30, 2022
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

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