Conventional Fixed Rate Mortgage Rates

Rates effective as of August 7th, 2015.

Conventional Fixed Rate Mortgage

Conventional Fixed Rate MortgageRatesPointsAPR
30 Year 3.875% 0 3.897%
30 Year 3.750% 0.5 3.813%
30 Year 3.625% 1 3.728%
25 Year Bi-Weekly 3.625% 0 3.643%
20 Year 3.625% 0 3.655%
20 Year 3.500% 0.5 3.587%
20 Year 3.375% 1 3.518%
15 Year 3.000% 0 3.038%
15 Year 2.875% 0.5 2.985%
15 Year 2.750% 1 2.932%
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 4.250% 0.0 4.272%

On a 30 year mortgage, with 0 points, for $165,000.00 with an interest rate of 3.875% (3.897% APR) and a minimum down payment of 20% ($206,250 purchase price with $41,250 down payment), the principal and interest payment would be $775.89 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.