Loan Rates

Rates effective as of November 21, 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

2.500%

4.122%

$3.95 (first 12 monthly payments)

12 payments of $395.12 then 348 payments of $489.03 at a rate of 4.250% based on current index and margin

3/3/30 ARM

3.250%

4.132%

$4.35 (first 36 monthly payments)

36 payments of $435.21 then 324 payments of $493.84 at a rate of 4.375% based on current index and margin

5/5/30 ARM

3.125%

3.942%

$4.28 (first 60 monthly payments)

60 payments of $428.38 then 300 payments of $488.99 at a rate of 4.375% based on current index and margin

5/1/30 ARM

3.375%

3.951%

$4.42 (first 60 monthly payments)

60 payments of $442.10 then 300 payments of $484.87 at a rate of 4.250% based on current index and margin

7/1/30 ARM

3.375%

3.852%

$4.42 (first 84 monthly payments)

84 payments of $442.10 then 276 payments of $481.90 at a rate of 4.250% based on current index and margin

10/1/30 ARM

3.625%

3.879%

$4.56 (first 120 monthly payments)

120 payments of $456.05 then 240 payments of $481.58 at a rate of 4.250% based on current index and margin

APR* = Annual Percentage Rate

  • Effective Date:  November 21, 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 $484,350 for a 1-family dwelling. Maximums higher for 2-4 family dwellings - call for details.
  • 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 - 1.54% 3 Year Treasury Index - 1.59% 5 Year Treasury Index - 1.63%
  • 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

2.990%

3.026%

$9.65

120 equal and consecutive monthly payments of $965.15

15 Year Fixed Rate

3.250%

3.275%

$7.03

180 equal and consecutive monthly payments of $702.67

20 Year Fixed Rate

3.625%

3.644%

$5.86

240 equal and consecutive monthly payments of $586.40

30 Year Fixed Rate

3.745%

3.759%

$4.63

360 equal and consecutive monthly payments of $462.83

APR* = Annual Percentage Rate

  • Effective Date:  November 21, 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 $484,350 for a 1-family dwelling. Maximums higher for 2-4 family dwellings - call for details.
  • 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

3.375%

3.375%

$18.14

60 equal and consecutive monthly payments of $181.36

10 Year Fixed Rate

3.625%

3.625%

$9.95

120 equal and consecutive monthly payments of $99.47

15 Year Fixed Rate

4.125%

4.125%

$7.46

180 equal and consecutive monthly payments of $74.60

20 Year Fixed Rate

4.375%

4.375%

$6.26

240 equal and consecutive monthly payments of $62.59

5/5/20 ARM

3.125%

3.652%

$5.61 (first 60 monthly payments)

Based on a $100,000 Loan  -  60 payments of $560.88 then 300 payments of $600.61 at a rate of 4.125% 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 - 1.63%

  • Effective Date:  November 21, 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 4.25% APR*

10 years

20 years

30 years

APR* = Annual Percentage Rate

  • Effective Date:  October 31, 2019
  • Variable APR equal to the Wall Street Journal Prime Rate (currently 4.75%) 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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