We post our rates as a convenience to you.
Rates are subject to change without notice, when in doubt, please contact
the bank.
Fixed Rate Conventional 1st
Mortgages:
Conventional-Fixed Rate-20% or More Down:
| Stated Term |
Amortization Period
(Maximum) |
Nominal Rate |
Annual Percentage Rate |
Total Points |
| 10 Year |
10 Year |
6.25% |
6.41% |
0.00% |
| 15 Year |
15 Year |
6.625% |
6.74%* |
0.00% |
| 30 Year |
Call for Availability! |
: The APR shown above
assumes a Purchase Price of $100,000 and a 20% down payment. The note is for $80,000; the
loan will fully amortize over the stated term of 15 years with one hundred and seventy
nine (179) monthly P&I payments of $702.40 and one (1) final payment of
$700.87. The
APR also includes odd days interest, a flood zone certification fee, an estimated title
company closing charge and an application fee, all in the amount of $564.72 paid at
closing. For an explanation of odd days interest click here.
Conventional-Fixed Rate-Less than 20% to 11% Down -
PMI Waived: (PMI - Private Mortgage Insurance)
| Stated Term |
Amortization Period
(Maximum) |
Nominal Rate |
Annual Percentage Rate |
Total Points |
| 10 Year |
10 Year |
6.25% |
6.45% |
0.00% |
| 15 Year |
15 Year |
6.625% |
6.77% |
0.00% |
| 30 Year |
Call for Availability! |
Conventional Balloon 1st
Mortgages:
Conventional-Balloon-20% or More Down*:
| Years to Reset |
Amortization Period
(Maximum) |
Nominal Rate |
Annual Percentage Rate |
Total Points |
| 3 Year |
30 Years |
6.000% |
6.26% |
0.00% |
| 5 Year |
30 Years |
6.375% |
6.55%* |
0.00% |
| 10 Year |
30 Years |
6.625% |
6.73% |
0.00% |
| 15 Year |
30 Years |
6.750% |
6.83% |
0.00% |
The APR shown above
assumes a Purchase Price of $100,000 and a 20% down payment. The Note is for $80,000.
P&I payments are calculated using a 30 year amortization period with payments during
the first five years being: fifty-nine (59) monthly payments at $499.10 and one irregular
final payment of $75,279.01. The APR also includes odd days
interest, a flood zone certification fee, an estimated title company closing charge
and an application fee, all in the amount of $564.17 paid at closing.
Conventional-Balloon-Less than 20% to 11% Down-
PMI Waived: (PMI - Private Mortgage Insurance)
| Years to Reset |
Amortization Period
(Maximum) |
Nominal Rate |
Annual Percentage Rate |
Total Points |
| 3
Year |
30
Years |
6.000% |
6.34% |
0.00% |
| 5
Year |
30 Years |
6.375% |
6.60% |
0.00% |
| 10 Year |
30 Years |
6.625% |
6.76% |
0.00% |
| 15 Year |
30 Years |
6.750% |
6.86% |
0.00% |
Special
Programs and Other Lending Resources
You are
also invited to take a look at the section Special Homebuyer
Programs and browse the First Time Homebuyers Program,
Pre-qualification-Counseling and Education Program and the Affordable Housing Grant
Assistance Program. You are also invited to browse Tempo Bank's Loan Products and Options and the
Effective Local Community section. And, you are always welcome
to stop in and chat, or you may phone or e-mail us for additional information and answers
to more specific questions.
Odd days
interest is a variable interest charge paid at loan closing and represents interest due
the lender from the date of loan disbursal to and including the last day of the month in
which the loan was disbursed. This charge can be as little a 1 day or as great as 31 days
depending upon that date loan funds are disbursed. In the above examples, 1 day odd days
interest was used to perform the annual percentage rate calculation.
A Note About Nominal Rates and
Annual Percentage Rates
While
nominal interest rates and annual percentage rates are accurate as of the date specified
for the examples provided, nominal rates and annual percentage rates can and will change
periodically and could be different based upon the unique circumstances of every loan
application filed and the differing characteristics of the loan products offered or
selected by the applicant(s).
Although this page is reviewed and updated with current rate
and index information no less frequently than weekly, delays and opedits can occur.
For current nominal rates and annual percentage rates we suggest that you contact us:
