Conventional Fixed Rate Mortgage Rates

Rates effective as of July 15th, 2015.

Conventional Fixed Rate Mortgage

Conventional Fixed Rate MortgageRatesPointsAPR
30 Year 4.000% 0 4.022%
30 Year 3.875% 0.5 3.938%
30 Year 3.750% 1 3.854%
25 Year Bi-Weekly 3.750% 0 3.767%
20 Year 3.750% 0 3.780%
20 Year 3.625% 0.5 3.712%
20 Year 3.500% 1 3.644%
15 Year 3.125% 0 3.163%
15 Year 3.000% 0.5 3.110%
15 Year 2.875% 1 3.058%
10 Year 2.875% 0 2.930%
10 Year 2.750% 0.5 2.910%
10 Year 2.625% 1 2.890%
7 Year 2.750% 0 2.827%

My Community MortgageRatePointsAPR
30 Year 4.375% 0.0 4.397%

On a 30 year mortgage, with 0 points, for $165,000.00 with an interest rate of 4.000% (4.022% APR) and a minimum down payment of 20% ($206,250 purchase price with $41,250 down payment), the principal and interest payment would be $787.74 per month. (An application fee of $425.00 is included when calculating the APR.)

Minimum loan amount: $25,000

Maximum conforming loan amount: $417,000

For Jumbo loans (over $417,000), add 0.50% to conventional rates

Rates subject to change without notice

All loans subject to secondary market underwriting requirements

Contact Solvay Bank Mortgage Department for further details at 315-484-2205.