Home Lending Rates
Rates Accurate As Of February 20, 2020
Home Mortgage Rates
| Account Type | Interest Rate | Annual Percentage Rate (APR) |
|---|---|---|
| 30 Year Fixed Rate | 3.375% | 3.415% |
| 20 Year Fixed Rate | 3.25% | 3.306% |
| 15 Year Fixed Rate | 3.00% | 3.072% |
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. An escrow (impound) account is required. 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: $425.00 Underwriting Fee, $65.00 Tax Service Fee, & $600.00 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 | 4.75% | 5.480% | 80 |
| 5.75% | 6.481% | 81-85 |
Fees: $425.00 Underwriting Fee, $65.00 Tax Service Fee, & $600.00 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% | 4.50% | 4.50% | 70 |
| Variable Rate: Wall Street Prime Floating | 4.75% | 4.75% | 80 |
| Variable Rate: Wall Street Prime Floating +.50% | 5.25% | 5.25% | 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 | 5.59% | 5.638% |
| 84 Mo. Balloon | 5.99% | 6.030% |
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.
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