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- Property must be located in NH
- Year-round and seasonal (used only during spring/summer/fall) properties eligible
- Single-family detached dwellings; those with in-law units also eligible
- Property must be occupied by owner annually
- Purchases or refinances welcome (cash-out refinances only available on year-round properties)
- Fixed rate and adjustable rate mortgages available for year-round vacation homes
Conventional Fixed Rate Mortgage
Are predictable loan payments more your style? With this mortgage option, the interest rate will never change, so you can be rest assured that your principal and interest payments will be consistent until the end of the term of your choice.
- Provides consistent month-to-month payments
- Rate remains constant throughout the life of the loan
- 10, 15, 20, 30 year terms available
| Type | Interest Rate | Points | APR* | Monthly Payment/$1,000 |
|---|---|---|---|---|
| Conventional 30 Year Fixed 1 | 4.500% | 2.00 | 4.766% | $5.07 |
| 4.625% | 1.00 | 4.805% | $5.14 | |
| 4.750% | 0.00 | 4.830% | $5.22 | |
| Conventional 20 Year Fixed 2 | 4.250% | 2.00 | 4.611% | $6.19 |
| 4.375% | 1.00 | 4.617% | $6.26 | |
| 4.500% | 0.00 | 4.624% | $6.33 | |
| Conventional 15 Year Fixed 3 | 4.000% | 2.00 | 4.457% | $7.40 |
| 4.125% | 1.00 | 4.431% | $7.46 | |
| 4.250% | 0.00 | 4.406% | $7.52 | |
| Conventional 10 Year Fixed 4 | 3.750% | 2.00 | 4.702% | $10.01 |
| 3.875% | 1.00 | 4.625% | $10.07 | |
| 4.000% | 0.00 | 4.648% | $10.12 |
Based on the rate chosen, points may be assessed subject to Fannie Mae pricing adjustments. These adjustments consider loan to value, credit score, loan purpose, term and other factors. Please contact your loan representative if you should have any questions.
*APR equals Annual Percentage Rate
All Rates assume 80% financing with a 20% down payment.
95% financing available for those who qualify.
For non-conforming rates, contact the Mortgage Department.
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.
NOTE: One point is equal to 1% of the amount financed.
1 Example: A 30-year fixed rate mortgage with 0 points; the rate would be 4.750%. Based on a purchase price of $200,000 with 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $834.64 (principal and interest), a finance charge of $140,468.87 bringing the total payment to $300,468.87.
2 Example: A 20-year fixed rate mortgage with 0 points; the rate would be 4.500%. Based on a purchase price of $200,000 with a 20% down payment, the amount financed would be $160,000 with 240 monthly payments of approximately $1,012.24 (principal and interest), a finance charge of $82,937.36 bringing the total payment to $242,937.36.
3 Example: A 15-year fixed rate mortgage with 0 points; the rate would be 4.250%. Based on a purchase price of $200,000 with a 20% down payment, the amount financed would be $160,000 with 180 monthly payments of approximately $1,203.65 (principal and interest), a finance charge of $56,656.18 bringing the total payment to $216,656.18.
4 Example: A 10-year fixed rate mortgage with 0 points; the rate would be 4.000%. Based on a purchase price of $200,000 with a 20% down payment, the amount financed would be $160,000 with 120 monthly payments of approximately $1,619.92 (principal and interest), a finance charge of $34,390.67 bringing the total payment to $194,390.67.
