Rates accurate as of August 13, 2020
Type of Loan Interest Rate Annual Percentage Rate (APR) Loan Fee
20 Year Fixed (Owner Occupied)
20 Year Fixed (Owner Occupied) 5.875% 6.160% 1%
15 Year Fixed (Owner Occupied)
15 Year Fixed (Owner Occupied) 5.750% 6.106% 1%
20 Year Fixed (Non-Owner Occupied)
20 Year Fixed (Non-Owner Occupied) 7.750% 8.068% 1%
15 Year Fixed (Non-Owner Occupied)
15 Year Fixed (Non-Owner Occupied) 7.375% 7.760% 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) 6.160%, 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) 6.106%, 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) 8.068%, 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) 7.760%, 180 monthly payments of $919.92 each, total interest paid $65,586.71

Homes manufactured 1990 or after will be considered.

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