Annual Percentage Rate (APR) is current as of 12/14/2018
Conventional Fixed Mortgage Rates
(Loan serviced by Bank of Zumbrota but sold to a secondary financial institution)
30 year Fixed:
- Interest Rate =4.625%
- APR =4.734%
- Monthly Payment = $1028.28
20 year Fixed:
- Interest Rate =4.375%
- APR =4.523%
- Monthly Payment = $1,251.84
15 year Fixed:
- Interest Rate = 4.375%
- APR =4.564
- Monthly Payment = $1,517.24
Due to market fluctuations, interest rates are subject to change. Interest rates are subject to credit and property approval based on secondary market guidelines.
The APR calculation is based on a loan amount of $200,000 for the purchase of a primary residence, 30 day lock, with 20% down, closing costs of $5,423.66 which includes a 1.00% origination fee. Closing costs do not include odd days interest, homeowners insurance, property taxes, and mortgage insurance. The monthly payment stated does not include taxes and insurance and the actual payment will be greater.
Additional fees may apply based on credit score, loan-to-value, property type, or subordinate financing.
In-House Mortgage Rates
(Loan owned and serviced by Bank of Zumbrota)
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