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| 30 year fixed rate |
| 20 year fixed rate |
| 15 year fixed rate |
| 10 year fixed rate |
| 40 year fixed rate |
| One Year Adjustable Rate Mortgage |
| Home Starter |
| Streamline Refinance Program |
Rates last updated on Thursday, November 05, 2009
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30 year fixed rate
Rates quoted assume that the standard closing costs are paid. For our no closing costs option, add .750 to the corresponding rate with closing costs.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 4.75% | 1.375% | 5.142% |
| 4.875% | 0.75% | 5.212% |
| 5% | 0.125% | 5.281% |
| 5.125% | 0% | 5.397% |
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| Loan level price adjustments may be assessed based upon certain loan features, including credit score, loan purpose, occupancy, number of units, product type, the presence of subordinate financing etc. You may be subject to higher rates or points. At 5.125%, the monthly principal and interest payment would be approximately $5.45 per thousand dollars borrowed. |
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20 year fixed rate
Rates quoted assume that the standard closing costs are paid. For our no closing costs option, add .750 to the corresponding rate with closing costs.
Term: 20 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 4.625% | 1.375% | 5.157% |
| 4.75% | 0.75% | 5.206% |
| 4.875% | 0.125% | 5.255% |
| 5% | 0% | 5.366% |
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| Loan level price adjustments may be assessed based upon certain loan features, including credit score, loan purpose, occupancy, number of units, product type, the presence of subordinate financing, etc. You may be subject to a higher rate and points. At 5.00% the monthly principal and interest payment would be approximately $6.60 thousand dollars borrowed. |
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15 year fixed rate
Rates quoted assume that the standard closing costs are paid. For our no closing costs option, add .750 to the corresponding rate with closing costs.
Term: 15 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 4% | 2.375% | 4.825% |
| 4.125% | 1.625% | 4.833% |
| 4.25% | 0.75% | 4.823% |
| 4.375% | 0% | 4.832% |
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| Loan level price adjustments may be assessed based upon certain loan features, including credit score, loan purpose, occupancy, number of units, product type, the presence of subordinate financing, etc. You may be subject to a higher rate and points. At 4.375% the monthly principal and interest payment would be approximately $7.59 per thousand dollars borrowed. |
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10 year fixed rate
Rates quoted assume that the standard closing costs are paid. For our no closing costs option, add .750 to the corresponding rate with closing costs.
Term: 10 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 3.875% | 2.625% | 5.12% |
| 4% | 1.75% | 5.047% |
| 4.125% | 0.875% | 4.975% |
| 4.25% | 0% | 4.906% |
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| Loan level price adjustments may be assessed based upon certain loan features, including credit score, loan purpose, occupancy, number of units, product type, the presence of subordinate financing, etc. You may be subject to a higher rate and points. At 4.25%, the monthly principal and interest payment would be approximately $10.24 per thousand dollars borrowed. |
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40 year fixed rate
Rates quoted assume that the standard closing costs are paid.
Term: 40 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 5% | 3% | 5.459% |
| 5.125% | 2% | 5.508% |
| 5.25% | 0.875% | 5.547% |
| 5.375% | 0% | 5.606% |
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| Loan level price adjustments may be assessed based upon certain loan features, including credit score, loan purpose, occupancy, number of units, product type, the presence of subordinate financing, etc. You may be subject to a higher rate and points. At 5.375%, the monthly principal and interest payment would be approximately $5.08 per thousand dollars borrowed. |
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One Year Adjustable Rate Mortgage
Rates quoted assume that the standard closing costs are paid. For our no closing costs option, add .750 to the corresponding rate with closing costs.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 3.5% | 0% | 4.34% |
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At 3.50%, the monthly principal and interest payment would be approximately $4.50 per thousand dollars borrowed. |
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Home Starter
Contact The Summit FCU for information on whether or not you qualify for this unique mortgage program.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 5.125% | 1.25% | 5.514% |
| 5.25% | 0.75% | 5.594% |
| 5.375% | 0% | 5.651% |
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At 5.375%, the monthly principal and interest payment would be approximately $5.61 per thousand dollars borrowed. |
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Streamline Refinance Program
If you have an existing Summit mortgage, you may be eligible to streamline refinance your first mortgage to a lower rate with reduced closing costs. Certain restrictions apply. Contact us for details.
Term: 15 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 4.375% | 0% | 4.832% |
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Other terms are available; contact us for more information. At 4.375%, the monthly principal and interest payment would be approximately $7.59 per thousand dollars borrowed.
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