| |
New banking regulations slated to take effect August 15, 2010 will automatically take away your overdraft privilege unless you opt in. |
| Product | Rate | Points | APR* | Monthly Payment per $1000 |
|---|---|---|---|---|
| 15 Year Fixed | 4.000% | 0 | 4.052% | $7.40 |
| 15 Year Fixed | 3.750% | 1 | 3.948% | $7.27 |
| 15 Year Fixed | 3.500% | 2 | 3.840% | $7.15 |
| 20 Year Fixed | 4.375% | 0 | 4.416% | $6.26 |
| 20 Year Fixed | 4.125% | 1 | 4.281% | $6.13 |
| 20 Year Fixed | 3.875% | 2 | 4.143% | $5.99 |
| 30 Year Fixed | 4.500% | 0 | 4.530% | $5.07 |
| 30 Year Fixed | 4.250% | 1 | 4.363% | $4.92 |
| 30 Year Fixed | 4.000% | 2 | 4.194% | $4.77 |
| 1 Year Arm (Loan Table) | 4.500% | 0 | 4.530% | $5.07 |
| 3 Year Arm (Loan Table) | 4.000% | 0 | 4.046% | $4.77 |
| 5 Year Fixed/3 Year Adjustable(Loan Table) | 4.500% | 0 | 4.182% | $5.07 |
| 7 Year Fixed/3 Year Adjustable (Loan Table) | 4.750% | 0 | 4.325% | $5.22 |
| Construction Loans are also available. Please contact us for the most recent rates and terms.+ Your APR will vary based on your final loan amount and finance charges. See tables below for details |
||||
1YR ARM
Additional information about our 1 Year Adjustable Rate Mortgage (Arm)- The APR, interest rate and principal and interest payment are subject to increase and will change after the loan is closed due to market- driven changes to the index. As an example, for a 30 year 1 Year ARM loan with a $200,000 loan amount (assuming 20% down payment) at a 4.50% start rate, the APR is 4.528%, subject to change. Your payment schedule would be 359 payments of $1013.38 and 1 payment of $1006.26.
3YR ARM
Additional information about our 3 Year Adjustable Rate Mortgage (ARM)- The APR, interest rate and principal and interest payment are subject to increase and will change after the loan is closed due to market-driven changes to the index. As an example, for a 30 Year 3 Year ARM loan with a $200,000 loan amount (assuming 20% down payment) at a 4.75% start rate, the APR is 4.779%, subject to change. Your payment schedule would be 359 payments of $1043.30 and 1 payment of $1039.07.
5YR ARM
Additional information about our 5 Year Adjustable Rate Mortgage (ARM)- The APR, the interest rate and principal and interest payments are subject to increase and will change after the loan is closed due to market-driven changes to the index. As an example, for a 30 Year 5 Year ARM loan with a $200,000 loan amount (assuming 20% down payment) at a 5.00% start rate, the APR is 5.029%, subject to change. Your payment schedule would be 359 payments of $1073.65 and 1 payment of $1068.03.
7YR ARM
Additional information about our 7 Year Adjustable Rate Mortgage (ARM)- the APR, the interest rate and principal and interest payments are subject to increase and will change after the loan is closed due to market-driven changes to the index. As an example, for a 30 Year 7 Year ARM loan with a $200,000 loan amount (assuming 20% down payment) at a 5.75% start rate, the APR is 5.780%, subject to change. Your payment schedule would be 359 payments of $1167.15 and 1 payment of $1163.04.
*APR = Annual Percentage Rate
| Fixed Rate | Rate** | APR* | Monthly Payment per $1000 |
|---|---|---|---|
| 1-5 Years | 5.490% | 5.490% | $19.10 |
| 6-10 Years | 5.990% | 5.990% | $11.10 |
| 11-15 Years | 6.490% | 6.490% | $8.71 |
| 16-20 Years | 6.990% | 6.990% | $7.75 |
| Adjustable Rate | Initial Rate | APR* | Adjustable Cap | Floor | Ceiling |
|---|---|---|---|---|---|
| 3 year adjustable | 5.750% | 4.836% | 2.0% | 5.750% | 10.500% |
Additional information about our 3 Year Adjustable Rate Home Equity Loan- the APR, the interest rate and principal increase and will change after the loan is closed due to market-driven changes to the index. As an example, $125,000 loan amount at a 5.75% start rate, the APR is 4.775%, subject to 359 payments at $652.06 and one payment of $651.40. |
|||||
| Home Equity Line of Credit |
|---|
| Prime Minus 1.00% for the first six months (3.25% - 1.00% = 2.25%) Then, Prime Rate Minus .25% |
| Prime minus .25% would result in an APR of 3.25%. The maximum rate possible during the term of the loan would be 14.9%. |
*APR = Annual Percentage Rate
**The stated rate is discounted by .25% and includes a requirement that loan payments are automatically deducted from a Rondout Savings Bank checking account.
| New Vehicle | Rate | APR* | Monthly Payment per $1000 |
|---|---|---|---|
| 12-48 Months | 8.500% | 8.500% | 24.65$ |
| 49-60 Months | 9.000% | 9.000% | $20.76 |
| Used Vehicles | |||
| 12-48 Months | 9.900% | 9.900% | $25.31 |
| Property Improvement | |||
| 1-5 Years | 7.250% | 7.250% | $19.92 |
| 6-10 Years | 7.500% | 7.500% | $11.87 |
| Non-owner Occupied | |||
| 1-10 Years | 8.750% | 8.750% | $12.53 |
| Fuel Loans** | |||
| 1 Year | 5.500% | 5.500% | $85.84 |
*APR = Annual Percentage Rate
**The stated rate is discounted by 1.0% and includes a requirement that loan payments are automatically deducted from a Rondout Savings Bank checking account.