The following Annual Percentage Rate (“APR”) examples are for typical mortgage transactions and are for reference purposes only. Please contact our mortgage department for current information regarding APRs, points and other applicable terms. 

Conventional Fixed Rate 30-Year Example

The example below assumes a sales price of $250,000 a loan amount of $200,000 and a down payment of $50,000. The simple interest rate for the example is 6.250% Prepaid finance charges, including a 1% origination fee are assumed to be $3,089.00.  This example is for reference purposes only.

Annual Percentage Rate:        6.402 %

Payments include principal & interest:          

359 @ $1,231.98

1 @ $1,229.79

Conventional Fixed Rate 15-Year Example

The example below assumes a sales price of $250,000 a loan amount of $200,000 and a down payment of $50,000. The simple interest rate for the example is 6.250% Prepaid finance charges, including a 1% origination fee are assumed to be $3,089.00.  This example is for reference purposes only.

Annual Percentage Rate:        6.50 %

Payments include principal & interest:          

179 @ $1,715.30

1 @ $1,714.40