Mortgage Calculator Break Out in Central Illinois

Hickory Point Bank and Trust is a full-service bank providing business and consumer banking services.  The bank has eight bank branches in central Illinois.  Hickory Point Bank & Trust is committed to consumer and business lending; the bank even has an agricultural services division with experts in farm management, real estate transactions, rural appraisals and consulting

The bank offers several mortgage programs to accommodate existing homeowners and new homebuyer’s needs.  Home purchase and refinance mortgage programs are available for primary homes, secondary/vacation homes and investment properties with terms up to 40 years.  Mortgage products include fixed rate mortgages, adjustable rate mortgages, conforming and jumbo mortgages and second mortgages.

Some of the current mortgage rates offered by the bank include:

A 3 year balloon mortgage has a rate of 5.125% and no points.  Using this rate in the mortgage payment calculator for a 30 year amortization on an $80,000 home loan, the monthly mortgage payment would be $435.59

The 5 year balloon has a mortgage rate of 5.375% with no points.  Using the mortgage calculator for with this rate for an $80,000 loan yields a monthly payment of $447.98.

The standard 30 year fixed rate mortgage is at 5.125% no points.  This home loan payment for this product would be $435.59 based on an $80,000 loan and the output of the mortgage payment calculator.

The 15 year fixed rate mortgage is at 4.875% also with no points and based on the findings of the mortgage calculator the monthly payment for an $80,000 loan would be $627.44.

The bank also offers second mortgages, at the present time a 3 year second mortgage rate is 6.500%.

Mortgage rates are based on an $80,000 mortgage with a 20% down payment.  APR ‘s may be different based on prepaid interest, PMI and closing costs.  Mortgage rates are subject to change and additional conditions will apply.  For current mortgage rates and loan information contact a bank representative at 800-872-0081.  Additional lending data can be found on the bank website which is located at www.hickorypointbank.com.

For car loan rates and information please visit www.selectautorates.com and for bank rates and CD rate information visit www.selectcdrates.com.

Tags: 15 year fixed rate mortgage, 30 year fixed rate mortgage, home loans, mortgage calculator, mortgage calculators, mortgage payment calculator, mortgage rates

This entry was posted on Thursday, March 5th, 2009 at 5:46 pm and is filed under Mortgage Ads and Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.