Rates accurate as of December 1, 2023
| Type of Loan | Interest Rate | Annual Percentage Rate (APR) | Loan Fee |
|---|---|---|---|
| 30 Year Fixed (Owner Occupied) - New Construction Only | |||
| 30 Year Fixed (Owner Occupied) - New Construction Only | 7.750% | 7.997% | 1% |
| 20 Year Fixed (Owner Occupied) | |||
| 20 Year Fixed (Owner Occupied) | 7.500% | 7.812% | 1% |
| 15 Year Fixed (Owner Occupied) | |||
| 15 Year Fixed (Owner Occupied) | 7.250% | 7.631% | 1% |
| 20 Year Fixed (Non-Owner Occupied) | |||
| 20 Year Fixed (Non-Owner Occupied) | 9.250% | 9.595% | 1% |
| 15 Year Fixed (Non-Owner Occupied) | |||
| 15 Year Fixed (Non-Owner Occupied) | 9.000% | 9.415% | 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 (30-Year Mortgage, New Construction): Interest rate 7.750%, Annual Percentage Rate (APR) 7.997%, 360 monthly payments of $716.41 each, total interest paid $158,233.79
- Owner Occupied (20-Year Mortgage): Interest rate 7.500%, Annual Percentage Rate (APR) 7.812%, 240 monthly payments of $805.59 each, total interest paid $93,655.84
- Owner Occupied (15-Year Mortgage): Interest rate 7.250%, Annual Percentage Rate (APR) 7.631%, 180 monthly payments of $912.86 each, total interest paid $64,617.95
- Non-Owner Occupied (20-Year Mortgage): Interest rate 9.250%, Annual Percentage Rate (APR) 9.595%, 240 monthly payments of $915.87 each, total interest paid $120,191.83
- Non-Owner Occupied (15-Year Mortgage): Interest rate 9.000%, Annual Percentage Rate (APR) 9.415%, 180 monthly payments of $1,014.27 each, total interest paid $82,942.37
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