Mortgage Rate Example

Conventional Loan

rates-conventional table
Loan AmountInterest RateLoan Term in monthsPrincipal & Interest Payment
$100,000.006.5%360$632.07
$100,000.006%240$716.43
$100,000.005.5%180$817.08

Interest rates listed are for example purposes only. Please contact the Mortgage Department to obtain current interest rates.

Home Equity Line of Credit

rates-heloc table
Loan AmountVariable RateLoan Term in MonthsMonthly Payment Amount
$50,0006.75%1201.25% of total balance each month

The variable rate is minus 1% of the federal prime rate with a floor of 4% and max of 18%.