Mortgage Rate Example
Conventional Loan
| Loan Amount | Interest Rate | Loan Term in months | Principal & Interest Payment | |
|---|---|---|---|---|
| $100,000.00 | 6.5% | 360 | $632.07 | |
| $100,000.00 | 6% | 240 | $716.43 | |
| $100,000.00 | 5.5% | 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
| Loan Amount | Variable Rate | Loan Term in Months | Monthly Payment Amount |
|---|---|---|---|
| $50,000 | 6.75% | 120 | 1.25% 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%.