Loan Rates

Rates effective as of April 19, 2019

Adjustable Rate Mortgage Rates

Product

Interest Rate

Annual Percentage Rate (APR)*

Monthly Payment per $1000

Monthly Principal & Interest Payments Based on a $100,000 Loan

1/1/30 ARM

2.875%

4.930%

$4.15 (first 12 monthly payments)

12 payments of $414.89 then 12 payments of $525.86 at a rate of 4.875% based on current index and margin subject to adjustment cap then 336 payments of $540.31 at a rate of 5.125% based on current index and margin

3/3/30 ARM

3.250%

4.605%

$4.35 (first 36 monthly payments)

36 payments of $435.21 then 324 payments of $528.09 at a rate of 5.000% based on current index and margin

5/5/30 ARM

3.750%

4.557%

$4.63 (first 60 monthly payments)

60 payments of $463.12 then 300 payments of $527.58 at a rate of 5.000% based on current index and margin

5/1/30 ARM

3.500%

4.546%

$4.49(first 60 monthly payments)

60 payments of $449.04 then 300 payments of $530.92 at a rate of 5.125% based on current index and margin

7/1/30 ARM

3.875%

4.538%

$4.70 (first 84 monthly payments)

84 payments of $470.24 then 276 payments of $529.93 at a rate of 5.125% based on current index and margin

10/1/30 ARM

4.250%

4.590%

$4.92 (first 120 monthly payments)

120 payments of $491.94 then 240 payments of $529.79 at a rate of 5.125% based on current index and margin

APR* = Annual Percentage Rate

  • Effective Date:  April 19, 2019
  • APR’s quoted are based on a $100,000 loan for a 1-family, owner occupied dwelling with a 20% down payment
  • Minimum Down Payment requirement is 5%. Loans with less than 20% down will require Private Mortgage Insurance
  • Payment amounts shown are for principal and interest only and do not include required escrows for taxes and insurance, which, if applicable, will make your payment obligation greater
  • Maximum loan amount is $500,000. Call for information on Jumbo Rates and Rates on non-owner occupied properties
  • Adjustable Rate Mortgages are variable rates and the annual percentage rate may increase or decrease after the initial fixed period.
  • The renewal rate is based on an index plus a margin of 2.75% with 2.00% adjustment caps and a 6.00% lifetime cap
  • Current Index: 1/1 ARM, 7/1 ARM, 10/1 ARM = 1 year Treasury; 3/3 ARM = 3 year Treasury; 5/5 ARM = 5 year Treasury
  • APRs based on the following index values: 1 Year Treasury Index - 2.41% 3 Year Treasury Index - 2.29% 5 Year Treasury Index - 2.31%
  • All loans are subject to full underwriting review. Not all applicants will qualify. This is not a commitment to lend or a guarantee of an approval.
  • Rates stated are subject to change at any time without notice
  • Other terms and conditions may apply

Fixed Rate Mortgage Rates

Product

Interest Rate

Annual Percentage Rate (APR)*

Monthly Payment per $1,000

Monthly Principal & Interest Payments Based on $100,000 Loan

10 Year Fixed Rate

3.500%

3.536%

$9.89

120 equal and consecutive monthly payments of $988.86

15 Year Fixed Rate

3.625%

3.650%

$7.21

180 equal and consecutive monthly payments of $721.04

20 Year Fixed Rate

3.875%

3.895%

$5.99

240 equal and consecutive monthly payments of $599.41

30 Year Fixed Rate

3.990%

4.004%

$4.77

360 equal and consecutive monthly payments of $476.84

APR* = Annual Percentage Rate

  • Effective Date:  April 19, 2019
  • APR’s quoted are based on a $100,000 loan for a 1-family, owner occupied dwelling with a 20% down payment
  • Minimum Down Payment requirement is 5%. Loans with less than 20% down will require Private Mortgage Insurance
  • Payment amounts shown are for principal and interest only and do not include required escrows for taxes and insurance, which, if applicable, will make your payment obligation greater
  • Maximum loan amount is $500,000. Call for information on Jumbo Rates and Rates on non-owner occupied properties
  • All loans are subject to full underwriting review. Not all applicants will qualify. This is not a commitment to lend or a guarantee of an approval.
  • Rates stated are subject to change at any time without notice
  • Other terms and conditions may apply

Home Equity Loan Rates

Product

Interest Rate

Annual Percentage Rate (APR)*

Monthly Payment per $1,000

Monthly Principal & Interest Payments
Based on a $10,000 Loan

5 Year Fixed Rate

3.625%

3.625%

$18.25

60 equal and consecutive monthly payments of $182.48

10 Year Fixed Rate

4.125%

4.125%

$10.18

120 equal and consecutive monthly payments of $101.84

15 Year Fixed Rate

4.375%

4.375%

$7.59

180 equal and consecutive monthly payments of $75.86

20 Year Fixed Rate

4.750%

4.750%

$6.46

240 equal and consecutive monthly payments of $64.62

5/5/20 ARM

3.375%

4.094%

$5.74 (first 60 monthly payments)

Based on a $100,000 Loan  -  60 payments of $573.56 then 300 payments of $629.45 at a rate of 4.750% based on current index and margin **

APR* = Annual Percentage Rate
** ARM = Adjustable Rate Mortgage Loan has a variable rate and the annual percentage rate may increase or decrease after the initial fixed period. The renewal rate is based on an index plus a margin of 2.50% with 2.00% adjustment caps and a 6.00% lifetime cap.                                                                                                 APR based on the following index value:  5 Year Treasury Index - 2.23%

  • Effective Date:  April 19, 2019
  • Available for 1 to 4 family, owner occupied, New Jersey dwellings only
  • Minimum Loan Amount is $5,000
  • First Lien loans or loans where Schuyler Savings holds the first mortgage – Maximum Loan Amount is $500,000 and Maximum CLTB is 80%
  • Second Lien loans – Maximum Loan Amount is $300,000 and Maximum CLTV is 70%
  • Payment amounts shown are for principal and interest only and do not include property taxes or insurance
  • No Application Fee
  • Appraisal fees may apply for lines over $250,000
  • Mortgage Recording Fee Payable at Closing
  • Homeowner’s property insurance is required; flood insurance may be required
  • All lines are subject to credit approval
  • Rates stated are subject to change at any time without notice
  • Other terms and conditions may apply

Home Equity Line of Credit Rates

Introductory Rate – Fixed First 6 months

Thereafter, Prime minus 0.50%

Draw Period

Repayment Period

Total Term

2.99% APR*

Currently 5.00% APR*

10 years

20 years

30 years

APR* = Annual Percentage Rate

  • Effective Date:  April 19, 2019
  • Variable APR equal to the Wall Street Journal Prime Rate (currently 5.50%) with a minimum APR of 4.00% and a maximum APR of 16.00%.
  • Available for 1 to 4 family, owner occupied, New Jersey dwellings only
  • Minimum Loan Amount is $5,000
  • First Lien loans or loans where Schuyler Savings holds the first mortgage – Maximum Loan Amount is $500,000 and Maximum CLTB is 80%
  • Second Lien loans – Maximum Loan Amount is $300,000 and Maximum CLTV is 70%
  • No Application Fee or Annual Fee
  • Appraisal fees may apply for lines over $250,000
  • Mortgage Recording Fee Payable at Closing
  • Homeowner’s property insurance is required; flood insurance may be required
  • All lines are subject to credit approval
  • Rates stated are subject to change at any time without notice
  • Other terms and conditions may apply

 

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