Buying a New Home Should Be a Pleasant Experience.
We’d like to help make it that way by taking the worry out of applying for a mortgage.
Before you apply for your mortgage loan, you’ll need to decide which type of loan may be right for you.
- Purchase or refinance
- Construction
- Home improvements
- Fixed rate
- First time home-buyers
- In house loans
Once you know approximately how much home is in your price range, use the guide below or our convenient Mortgage Loan Calculator to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance and mortgage life insurance are also not included on the chart, but may be added to your monthly payments.
Monthly Mortgage Payment Guide
| Mortgage Amount | 4% APR | 5% APR | 6% APR | 7% APR |
|---|---|---|---|---|
| $60,000 | $286 | $322 | $360 | $399 |
| $80,000 | $382 | $429 | $480 | $532 |
| $100,000 | $477 | $537 | $600 | $665 |
| $120,000 | $573 | $644 | $719 | $798 |
| $140,000 | $668 | $751 | $839 | $931 |
| $160,000 | $764 | $859 | $959 | $1,064 |
| $180,000 | $859 | $966 | $1,079 | $1,198 |
| $200,000 | $955 | $1,074 | $1,199 | $1,331 |
The above rates are for illustrative purposes only. They are based on the Annual Percentage Rate (APR) indicated for principal and simple interest with a term of 30 years. We offer a variety of mortgage plans.
Is Refinancing Right For You? Generally, it’s a good idea for you to consider refinancing whenever the interest rate for mortgages is more than two percentage points below your present mortgage. And whether you apply with us for a new mortgage to buy the home you want, or to refinance your present mortgage, ask about a Homeowner’s Credit Line. It can help you save on fees when you apply; interest when you want to borrow money; and, on taxes at the end of the year. For more details, speak to one of our mortgage loan experts at 715-758-2141.
All loans are subject to normal credit approval procedures and credit standards.
