Interest Rates

Rates are based on a $150,000 loan amount and may vary based on creditworthiness, loan-to-value, occupancy, and other factors. Available Rates and fees are subject to change. Membership eligibility required. Loan approval is subject to credit approval and collateral evaluation.

Payment Example 10-Years:

A $150,000 loan at a 4.99% interest rate for 120 months (10-year term) results in a monthly principal and interest payment of approximately $ 1,590.25. Example assumes a loan-to-value (LTV) ratio of 97% (3% down payment). Payment does not include taxes, insurance, or escrow amounts. Your actual payment obligation may be greater.

*APR = Annual Percentage Rate. APR reflects the cost of credit over the term of the loan, including interest and other applicable finance charges.

Rates are based on a $50,000 loan amount and may vary based on creditworthiness, loan-to-value, occupancy, and other factors. Equity loans are secured by the value of your home. Not all applicants will qualify for the lowest rate. Available Rates and Fees are subject to change. Membership eligibility required. Loan approval is subject to credit approval and collateral evaluation.

Payment Examples:

1. 5-Year Home Equity: A $50,000 loan at a 6.00% interest rate for 60 months results in 60 monthly principal and interest payments of approximately $ 966.64. The example assumes a 100% combined loan-to-value (CLTV). Payment does not include taxes, insurance, or escrow amounts. Your actual payment obligation may be greater.

2. 5-Year Balloon Home Equity: A $50,000 loan at 7.00% interest rate for 60 months / 20 years amortization results in 60 monthly principal and interest payments of approximately $387.65. The example assumes a 100% combined loan-to-value (CLTV). Payment does not include taxes, insurance, or escrow amounts. Your actual payment obligation may be greater. A lump sum of approximately $43,683.48 will be due upon maturity, or refinancing may be an option to avoid the full balloon payment.

3. 10-Year Home Equity Special: A $50,000 loan at 4.99% interest rate for 120 months results in 120 monthly payments of approximately $530.08. The example assumes an 80% combined loan-to-value (CLTV). Payment does not include taxes, insurance, or escrow amounts. Your actual payment obligation may be greater.

† 10-Year Home Equity Special: Eligibility Requirements: 1) Membership required with a $5 minimum savings balance. 2) Minimum credit score of 730 required for advertised Rate/APR. 3) Subject to credit approval and collateral evaluation. 4) All accounts must be in good standing. 5) Additional terms and conditions may apply. FinancialEdge Credit Union reserves the right to modify or discontinue this offer at any time without notice.

Home Equity Balloon Information: Closed-end home equity balloon loans feature fixed payments over a 20-year amortization schedule, with the remaining principal due at maturity; or refinancing may be an option to avoid the full balloon payment.

*APR = Annual Percentage Rate. APR reflects the cost of credit over the term of the loan, including interest and other applicable finance charges.