|
Loan Type
|
Rate
|
Annual Percentage Rate
|
Principal and Interest Payment
|
|
CONVENTIONAL
LOANS –
To be sold on Secondary Market
|
Estimated APR and Payment Based on $100,000 Loan
Loans available with up to 95% Loan to Value
|
|
15-Yr Fixed
|
6.250%
|
6.317%
|
$857.42
|
|
30-Yr Fixed
|
6.500%
|
6.541%
|
$632.07
|
|
|
|
IN-HOUSE
LOANS
|
Estimated
APR and Payment Based on $100,000 Loan Amount with a 30 Year Amortization
|
|
3 Year Balloon
|
7.000%
|
7.160%
|
$665.66
|
|
3 Year ARM*
|
6.750%
|
6.797%
|
$648.94
|
|
|
|
|
|
HOME EQUITY LOANS – Estimated APR and Payment
Based on $50,000 Loan Amount
|
|
|
Rate
|
Annual Percentage Rate
|
Principal and Interest Payment
|
|
Home-Equity 5 Year Amortization – Fixed Rate
|
6.375%
|
6.730%
|
$975.38
|
|
Home-Equity 10 Year Amortization – Fixed Rate
|
7.250%
|
7.442%
|
$587.01
|
|
Home-Equity 15 Year Amortization – Fixed Rate
|
7.750%
|
7.890%
|
$470.64
|
|
Home-Equity 3 Year Adjustable* up to a 15 Year
Amortization**
|
7.000%
|
7.137%
|
$449.41
|
|
*Maximum 2% Periodic Rate Adjustment (Increase or Decrease);
Index used is Wall Street Journal Prime; Maximum 6% Life of Loan
Adjustment with a Floor of 6.00%.
|
|
**Estimated APR and Payments calculated on 15 year
amortization.
|
|
Add .25% for Home Equity Loans under $25,000. (minimum Home
Equity Loan Amount is $10,000)
|
