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Mortgage Loan Rates |
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Rates shown are exclusive to the members of our NH Credit union.
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Rates Effective: 2/04/12
| FIXED RATE PRODUCTS |
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| Type |
Interest Rate |
Points |
APR* |
| Conventional 30 Year Fixed (360 Monthly Payments) |
3.875% |
2.00 |
4.132% |
| 4.000% |
1.00 |
4.173% |
| 4.125% |
0.00 |
4.215% |
| Example: A 30-year fixed rate mortgage with 0 points; the rate would be 5.125% of $200,000 with 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $871.57 (principal and interest), a finance charge of $153,762.67 bringing the total payment to $313,762.67.
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| Type |
Interest Rate |
Points |
APR* |
Conventional 20 Year Fixed
(240 Monthly Payments)
|
3.750% |
2.00 |
4.104% |
| 3.875% |
1.00 |
4.113% |
| 4.000% |
0.00 |
4.125% |
| Example: A 20-year fixed rate mortgage with 0 points; the rate would be 4.875% of $200,000 with 20% down payment, the amount financed would be $160,000 with 240 monthly payments of approximately $1,045.26 (principal and interest), a finance charge of $90,860.45 bringing the total payment to $250,860.45
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| Type |
Interest Rate |
Points |
APR* |
Conventional 15 Year Fixed
(180 Monthly Payments)
|
3.375% |
2.00 |
3.814% |
| 3.500% |
1.00 |
3.791% |
| 3.625% |
0.00 |
3.769% |
| Example: A 15-year fixed rate mortgage with 0 points; the rate would be 4.50% of $200,000 with 20% down payment, the amount financed would be $160,000 with 180 monthly payments of approximately $1,224.30(principal and interest), a finance charge of $60,372.65 bringing the total payment to $220,372.65.
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| Type |
Interest Rate |
Points |
APR* |
Conventional 10 Year Fixed
(120 Monthly Payments)
|
3.250% |
2.00 |
3.884% |
| 3.375% |
1.00 |
3.794% |
| 3.500% |
0.00 |
3.707% |
| Example: A 10-year fixed rate mortgage with 0 points; the rate would be 4.375% of $200,000 with 20% down payment, the amount financed would be $160,000 with 120 monthly payments of approximately $1648.89 (principal and interest), a finance charge of $37,866.13 bringing the total payment to $197,866.13
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| ADJUSTABLE RATE PRODUCTS |
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| Type |
Interest Rate |
Points |
APR* |
3/3 Year ARM
(Fixed for 36 Months and unlike a 3/1 ARM, this rate changes every 3 years) |
2.875% |
2.00 |
3.107% |
| 3.125% |
1.00 |
3.280% |
| 3.375% |
0.00 |
3.452% |
| Example: A 3 year Adjustable Rate Mortgage with 1 point; the rate would be 4.625%. Based on a purchase of $200,000 with 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $822.69 (principal and interest), a finance charge of $136,163.42 bringing the total payment to approximately $296,163.42. * Monthly payment may change according to adjustment in rate every three years.
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| Type |
Interest Rate |
Points |
APR* |
5/5 Year ARM
(Fixed for 60 Months and unlike a 5/1 ARM, this rate changes every 5 years) |
3.125% |
2.00 |
3.362% |
| 3.375% |
1.00 |
3.534% |
| 3.625% |
0.00 |
3.705% |
| Example: A 5 year Adjustable Rate Mortgage with 1 point; the rate would be 4.750%. Based on a purchase of $200,000 with 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $834.70 (principal and interest), a finance charge of $140,491.06 bringing the total payment to approximately $300,491.06. * Monthly payment may change according to adjustment in rate every five years. |
| LAND |
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| Type |
Interest Rate |
Points |
APR* |
Land Loan
(20 Year Amortization, 10 Year Balloon) |
6.99% |
1.00 |
7.32% |
| Example: A 20 year amortized land loan with 1 point; the rate would be 6.99%. Based on a purchase of $93,750 with 20% down payment, the amount financed would be $75,000 with 240 monthly payments of approximately $581.39 (principal and interest) and a balloon payment of approximately $50,075.07 due on the ten year anniversary date.
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*APR equals Annual Percentage Rate
*ARM equals Adjustable Rate Mortgage
*All Rates assume 80% financing with a 20% down payment.
*For non-conforming rates, contact the Mortgage Department.
*Index for all Adjustable Rate Mortgages is the weekly average of the U.S. Treasury securities for the applicable term.
*All rates subject to change daily and can only be guaranteed by HRCU Mortgage Department. For more information call (603)332-6840 or toll free at (877) 895-6840.
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Personal Loan Rates
