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WEEK OF: NOVEMBER 18, 2008 THRU NOVEMBER 24, 2008
Real Estate
Type of Loan
Interest
Points
APR
Payment on $1,000 loan
15 Year Fixed
6.375%
0
6.532%
$8.64
30 Year Fixed
6.625%
0
6.722%
$6.40
One Year ARM (360MOS)
5.00%
0
5.09%
$5.37
Three Year ARM (360MOS)
5.50%
0
5.59%
$5.68
With an Adjustable Rate Mortgage (ARM), the interest rate changes
at predetermined intervals based upon an index. The change in interest rates
will also change how much your adjustable rate payments will be. The APR calculation
assumes a loan of $100,000.00, 1.00% estimated borrower paid finance charges,
plus origination and discount points if applicable.
Home Equity
Type of Loan
Interest
Points
APR
Payment on $1,000 loan
10 Year Fixed (Loan to value 80% or less)
4.75%
0
4.75%
$10.48
10 Year Fixed (Loan to value 81-90%)
6.25%
0
6.25%
$11.23
10 Year Fixed (Loan to value 91-100%)
7.25%
0
7.25%
$11.74
3 Year ARM (Loan to value 80% or less) (WSJ PRIME)
4.00%
0
4.00%
TBA
3 Year ARM (Loan to value 81%-90%) (WSJ PRIME + .75)
4.75%
0
4.75%
TBA
3 Year ARM (Loan to value 91%-100%) (WSJ PRIME + 1.50)
5.50%
0
5.50%
TBA
Revolving Advantage Line (Loan to value 80% or less) (WSJ PRIME)
4.00%
0
4.00%
TBA
Revolving Advantage Line (Loan to value 81%-90%) (WSJ PRIME + .50)
4.50%
0
4.50%
TBA
Revolving Advantage Line (Loan to value 91%-100%) (WSJ PRIME + 1.00)
5.00%
0
5.00%
TBA
Other types of loans offered at First National Bank:
