Eastern Michigan Bank | May 18, 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 |
Minimize
|
0 Points |
6.05% |
|
1 Point |
6.02% |
|
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 |
Minimize
|
0 Points |
5.94% |
|
1 Point |
5.82% |
|
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 |
Minimize
|
0 Points |
5.59% |
|
1 Point |
5.49% |
|
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 |
Minimize
|
0 Points |
5.01% |
|
1 Point |
5.07% |
|
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 |
Minimize
|
0 Points |
5.30% |
|
1 Point |
5.35% |
|
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 |
Minimize
|
0 Points |
6.89% |
|
1 Point |
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 |
Minimize
Call for rates and terms
|
| Investment Property 1-4 Family |
Minimize
Call for rates and terms
|
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