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CHECKING THAT'S TRULY ON THE HOUSE!
Did you know that if you have a mortgage, home equity loan or HELOC with Eastern Michigan Bank you qualify for a free checking account that even pays you interest? Check out Checking on the House!

Mortgage Loan Rates
Eastern Michigan Bank | May 18, 2008

Eastern Michigan Mortgage Co. LLC Interest Rates Current as of May 16, 2008
(Interest Rates Subject to Change Without Notice)

Click on the links below to find out more about each Account's Interest Rates.
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30 Year Fixed Rate Mortgage
30 Year Fixed Rate Mortgage
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Interest Rate   Points   APR*  
6.000%  
0 Points   6.05%  
5.875%  
1 Point   6.02%  
5.625%  
2 Points   5.86%  

For example: A $100,000 loan with 20% down payment and a 6.000% interest rate (6.05% APR), you would make 360 monthly principal and interest payments of $599.55.

Notes:
Down payment requirement
* APR= annual percentage rate
* APR based on a mortgage of $100,000 for owner occupied single family residence.
All rates subject to change without notice.

Learn More       Inquiry

20 Year Fixed Rate Mortgage
20 Year Fixed Rate Mortgage
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Interest Rate   Points   APR*  
5.875%  
0 Points   5.94%  
5.625%  
1 Point   5.82%  
5.375%  
2 Points   5.69%  

For example:
A $100,000 loan with 20% down payment and a 5.875% interest rate (5.94% APR), you would make 240 monthly principal and interest payments of $709.24.

Notes:
Down payment requirement
* APR= annual percentage rate
* APR based on a mortgage of $100,000 for owner occupied single family residence.
All rates subject to change without notice.

Learn More       Inquiry

15 Year Fixed Rate Mortgage
15 Year Fixed Rate Mortgage
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Interest Rate   Points   APR*  
5.500%  
0 Points   5.59%  
5.250%  
1 Point   5.49%  
5.000%  
2 Points   5.39%  

For example:
A $100,000 loan with 20% down payment and a 5.500% interest rate (5.59% APR), you would make 180 monthly principal and interest payments of $817.08.

Notes:
Down payment requirement
* APR= annual percentage rate
* APR based on a mortgage of $100,000 for owner occupied single family residence.
All rates subject to change without notice.

Learn More       Inquiry

3-1 Year Adjustable Rate Mortgage
3-1 Year Adjustable Rate Mortgage
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Interest Rate   Points   APR*  
6.000%  
0 Points   5.01%  
5.875%  
1 Point   5.07%  
5.750%  
2 Points   5.13%  

For example:
A $100,000 loan with 20% down payment and a 6.000% interest rate (5.01%APR), you would make 360 monthly principal and interest payments of $599.84.

Notes:
Based on 30 years 2/6 Caps 2.75% margin
Down payment requirement
* APR= annual percentage rate
* APR based on a mortgage of $100,000 for owner occupied single family residence.
All rates subject to change without notice.

Learn More       Inquiry

5-1 Year Adjustable Rate Mortgage
5-1 Year Adjustable Rate Mortgage
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Interest Rate   Points   APR*  
6.250%  
0 Points   5.30%  
6.125%  
1 Point   5.35%  
6.000%  
2 Points   5.39%  

For example:
A $100,000 loan with 20% down payment and a 6.250% interest rate (5.30%APR), you would make 360 monthly principal and interest payments of $616.03.

Notes:
Based on 30 years 2/5 Caps 2.75% margin
Down payment requirement
* APR= annual percentage rate
* APR based on a mortgage of $100,000 for owner occupied single family residence.
All rates subject to change without notice.

Learn More       Inquiry

5 Year Balloon Mortgage
5 Year Balloon Mortgage
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Interest Rate   Points   APR*  
6.750%  
0 Points   6.89%  
NA  
1 Point   NA  
NA  
2 Points   NA  

For example:
A $100,000 loan with 20% down payment and a 6.750% interest rate (6.89% APR), you would make 59 principal and interest payments of $648.90. The entire loan would fully mature for the 60th payment.

Notes:
Based on 30 year amortization
Down payment requirement
* APR= annual percentage rate
* APR based on a mortgage of $100,000 for owner occupied single family residence.
All rates subject to change without notice.

Learn More       Inquiry

Construction Permanent Mortgage
Construction Permanent Mortgage
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Call for rates and terms

Investment Property 1-4 Family
Investment Property 1-4 Family
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Call for rates and terms

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