Mound City Bank Loan Rates

Mound City Bank offers many different types of loan opportunities. Each of those options have unique interest rates that will fluctuate over time. Here you will find links to explore to get a summary of our interest rates. Keeping an eye on interest rates can help you make informed financial decisions to meet your individual goals.

Mortgage & Home Lending Rates

Home Mortgage Rates

Account Type

Interest Rate

Annual Percentage Rate (APR)

30 Year Purchase

3.125%

3.164%

20 Year Purchase

2.875%

2.930%

15 Year Purchase

2.50%

2.576%

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $160,000 and an estimated property value of $200,000. The property is located in Platteville, WI and is within Grant county. The property is an existing single family home and will be used as a primary residence. The rate lock period is 30 days and the assumed credit score is 740.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Account Type

Interest Rate

Annual Percentage Rate (APR)

30 Year Refinance

3.125%

3.164%

20 Year Refinance

2.875%

2.930%

15 Year Refinance

2.50%

2.576%

The information provided assumes the purpose of the loan is to refinance a property, with a loan amount of $160,000 and an estimated property value of $200,000. The property is located in Platteville, WI and is within Grant county. The property is an existing single family home and will be used as a primary residence. The rate lock period is 30 days and the assumed credit score is 740.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Construction Rate Special

Loan amount $200,000 or greater

Account Type

Interest Rate

Annual Percentage Rate (APR)

Max Loan to Value LTV(%)

9 Month

2.99%

5.221%

80

Fees: $650.00 Underwriting Fee, $65.00 Tax Service Fee, & $500.00 Draw Fee (based on 5 draws during construction term)

Add .25% without Mound City Bank deposit account

Based on a loan amount of $200,000.00 or greater and end loan financing with Mound City Bank.

Construction Rates

Loan amount less than $200,000

Account Type

Interest Rate

Annual Percent­age Rate (APR)

Max Loan to Value LTV(%)

9 month

3.99%

5.507%

80

4.99%

6.518%

81-85

Fees: $650.00 Underwriting Fee, $65.00 Tax Service Fee, & $500.00 Draw Fee (based on 5 draws during construction term)

Add .25% without Mound City Bank deposit account

Based on a loan amount of less than $200,000.00 and end loan financing with Mound City Bank.

Total Line of Credit (TLC)

Account Type

Interest Rate*

Annual Percent­age Rate (APR)*

Max Loan to Value LTV(%)

Variable Rate: Wall Street Prime Floating -.25%

4.00%

4.00%

70

Variable Rate: Wall Street Prime Floating

4.00%

4.00%

80

Variable Rate: Wall Street Prime Floating +.50%

4.00%

4.00%

85

* The rate may change after the account is opened.

Floor 4.0% & Ceiling 18.0%

Auto Charge from Mound City Bank deposit account preferred. 0.25% added to the base rate with no MCB auto charge.

$25.00 Annual Fee beginning on the 1st anniversary of the note and each year thereafter.

Lock in Option: A minimum amount of $5000 may be locked at the current rate +.50%. The maximum term for a fixed rate option is 5 years. The balance of the lock can be amortized over a 10 year term but the lock must balloon in 5 years or by the line of credit maturity date, whichever comes first. A $50 fee will be assessed with each lock balance executed.

Minimum monthly payment on unlocked portions is to be $50 or interest monthly whichever is greater.

Conventional - Owner Occupied

Account Type

Interest Rate

Annual Percent­age Rate (APR)

62 Mo. Balloon

4.59%

4.635%

84 Mo. Balloon

4.99%

5.025%

Fees: $425 Underwriting Fee, $65 Tax Service Fee. No points or origination fees.

Based on a loan amount of $250,000.00 and 30 year amortization

Up to 30 year amortization.

Add .25% without MCB deposit account.

Loan Pricing DisclosureApply Now

Auto & Personal Loan Rates

Rates Accurate As Of May 28, 2021 (Prime 3.75%)

Auto New (2020 - 2021)

Account Type

Interest Rate*

Annual Percent­age Rate (APR)**

Max Loan to Value LTV(%)

24 Month

3.94%

4.431%

90

36 Month

4.09%

4.425%

90

48 Month

4.24%

4.494%

90

60 Month

4.39%

4.598%

90

72 Month

4.59%

4.765%

90

Auto Used

Account Type

Interest Rate*

Annual Percent­age Rate (APR)**

Max Loan to Value LTV(%)

Up to 60 Months (18-20)

5.29%

5.499%

90

Up to 42 Months (09-17)

6.29%

6.583%

90

Personal Unsecured Loans

Account Type

Interest Rate*

Annual Percent­age Rate (APR)**

Under $1,000

14.49%

24.409%

Over $1,000

12.49%

22.345%

Apply Now

* Due to volatility in today's market, please call for up to date rates.

** The APR (Annual Percentage Rate) calculation is based on a $10,000.00 loan, assumes a fully amortized loan, and includes a loan administration preparation fee of $50.00.
Example: $1,500.00 loan - 9.99% - 12 months - monthly payment of $131.87.

These rates are based on an "acceptable" Risk Rating. Your rate may be higher or lower depending in part on your unique credit history.

All Rates disclosed reflect a Mound City Bank Deposit Relationship. Rates may increase if no deposit account is established.

Loan Pricing Disclosure