Real Estate Rates as of 04/23/2024
Assumptions:
Loan Amount: $176,000
Purchase Price: $220,000
Property Use: Primary residence or second home
Lock Period: 45 Days
30 Year Fixed Rate Loan
- Rate: 7.500%
- APR: 7.603%
- Monthly Principal Interest Payments (P&I)*: $1,230.62
20 Year Fixed Rate Loan
- Rate: 7.500%
- APR: 7.633%
- Monthly Principal Interest Payments (P&I)*: $1,417.84
15 Year Fixed Rate Loan
- Rate: 7.375%
- APR: 7.539%
- Monthly Principal Interest Payments (P&I)*: $1,619.07
15 Year Fixed – In-House
- Rate: 7.625%
- APR: 7.790%
- Monthly Principal Interest Payments (P&I)*: $1,644.07
10 Year Balloon/30 Year Amortization
- Rate: 7.625%
- APR: 7.776%
- Monthly Principal Interest Payments (P&I)*: $1,245.72 .**
Construction Permanent Loan
- Construction Permanent Loans are available. Contact the Mortgage Team for more information.
Investment Property 1-4 Family
- Investment Property Loans are available. Contact the Mortgage Team for more information.
*Actual monthly payment will be higher if escrowing for mortgage insurance, property taxes, or homeowner’s insurance.
**Principal and Interest Payments (P&I) – 120 monthly of $1,245.72 (payment based on 30 year amortization) – 121st payment will be $154,422.09
Assumptions:
Loan Amount: $75,000
15 Year Home Equity Loan
- Rate: 8.250%
- APR: 8.250%
- Monthly Principal Interest Payments (P&I): $727.61
10 Year Home Equity Loan
- Rate: 8.000%
- APR: 8.000%
- Monthly Principal Interest Payments (P&I): $909.96
5 Year Home Equity Loan
- Rate: 7.750%
- APR: 7.750%
- Monthly Principal Interest Payments (P&I): $1,511.77
Home Equity Line of Credit
- Rate: 9.250%
- APR: NA
- Monthly Principal Interest Payments (P&I): Interest Only Due
Important Notices: The interest rates and APRs are subject to change without notice. Your APR will vary based on your final loan amount and finance charges.