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Loan rates - Mortgages

 

Residential - Owner Occupied
Single Family/Condominium/Co-Op: Effective December 30, 2008

Adjustable Rates

Program Rate Points Caps
(Per/Life)
Index APR Discount Monthly Payment Per Thousand
(start)
               
1 Year ARM 5.250% 0 2/6 1 Year Treasury 0.375% 5.247% 0 $5.52
               
3 Year ARM 5.500% 0 2/6 3 Year Treasury 1.125% 5.503% 0 $5.68
               
5 Year ARM 5.750% 0 2/6

5 Year Treasury

1.500%

5.757% 0 $5.84
               
7/1 Year ARM 6.000% 0 2/6 1 Year Treasury 0.375% 6.007% 0 $6.00

Fixed Rates

Program Rate Point APR Monthly Payment Per Thousand
         
15 Year 5.500% 0 5.498% $8.17
         
20 Year 5.750% 0 5.749% $7.02
         

Closing Costs

 

 

Residential - Second Home
Effective: December 30, 2008

Adjustable Rates

Program
Rate
Points
Caps
Index
APR
Discount
Monthly Payment Per Thousand
               
3 Year ARM 6.000% 0 2/6 3 Year Treasury
1.125%
5.626% 0 $6.00
5 Year ARM 6.250% 0 2/6 5 Year Treasury 1.500% 5.944% 0 $6.16

Fixed Rates

Program Rate Point APR Monthly Payment Per Thousand


List of Closing Costs: (Estimated)

  • Applicant's Attorney Fee - Negotiated with Borrower's Attorney
  • Appraisal Fee - $300.00 on loans over $250,000.00
  • Recording Cost - $400.00-450.00
  • Tax Service Fee - $75.00
  • Title Insurance - $3.00 per Thousand of Mortgage
  • Application Fee (non-refundable) $275.00
  • Municipal Lien Certificate - $90.00
  • Construction Loans only - add $500.00 Inspection Fee
  • Plot Plan - $200.00

Equal Housing LenderRates are subject to change. Please call for the most current rates. Other terms, conditions and limitations may apply. APR's (Annual Percentage Rates) are based on a $100,000 mortgage with a 20% down payment. Adjustable Rate monthly payment examples and APR's are based on a 30 year term.

Index's are based on the applicable Treasury bill as published in the Wall Street Journal rounded to the nearest .125%.