Mortgage
Mortgage Interest Rates
Rates as of May 23, 2022
Monthly and Bi-Weekly Fixed Interest Rates
| Term | Interest Rate | Points | APR* | No Closing Costs Interest Rate*** | APR* | Minimum Down |
|---|---|---|---|---|---|---|
| 10 | 4.250% | 0 | 4.49% | 4.750% | 4.99% | 5% |
| 10 | 4.125% | 1 | 4.58% | 4.625% | 5.08% | 5% |
| 10 | 4.000% | 2 | 4.67% | 4.500% | 5.18% | 5% |
| 10 | 3.875% | 3 | 4.77% | 4.375% | 5.28% | 5% |
| 15 | 4.250% | 0 | 4.41% | 4.750% | 4.92% | 5% |
| 15 | 4.125% | 1 | 4.44% | 4.625% | 4.94% | 5% |
| 15 | 4.000% | 2 | 4.47% | 4.500% | 4.97% | 5% |
| 15 | 3.875% | 3 | 4.50% | 4.375% | 5.00% | 5% |
| 20 | 4.750% | 0 | 4.88% | Not Available | Not Available | 5% |
| 20 | 4.625% | 1 | 4.88% | Not Available | Not Available | 5% |
| 20 | 4.500% | 2 | 4.87% | Not Available | Not Available | 5% |
| 20 | 4.375% | 3 | 4.87% | Not Available | Not Available | 5% |
| 30** | 5.250% | 0 | 5.35% | Not Available | Not Available | 5% |
| 30** | 5.125% | 1 | 5.31% | Not Available | Not Available | 5% |
| 30** | 5.000% | 2 | 5.28% | Not Available | Not Available | 5% |
| 30** | 4.875% | 3 | 5.24% | Not Available | Not Available | 5% |
Get a discount of 0.125% off of the No Closing Cost Mortgage interest rate with Auto Pay from a Capital Bank checking or savings account.
Monthly Fixed Mortgage Loan Payment Examples (assume 0 points)
| Term (Years) | Amount Borrowed | Monthly Payment (not including Escrow or PMI) | Total Loan & Interest |
|---|---|---|---|
| 10 | $50,000 | $512.19 | $61,462.80 |
| 15 | $50,000 | $376.14 | $67,705.20 |
| 20 | $50,000 | $323.11 | $77,546.40 |
| 30 | $50,000 | $276.10 | $99,396.00 |
Monthly Fixed No Closing Costs Mortgage Payment Examples (assume 0 points)
| Term (Years) | Amount Borrowed | Monthly Payment (not including Escrow or PMI) | Total Loan & Interest |
|---|---|---|---|
| 10 | $50,000 | $524,24 | $62,908.80 |
| 15 | $50,000 | $388.92 | $70,005.60 |
*APR = Annual Percentage Rate
**Bi-Weekly rates are not offered on our 30 year-term mortgage offers.
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $50,000 and an estimated property value of $62,500. Payments reflect the principle and interest only. The property is an existing single family home and will be used as a primary residence. These mortgage rates are based upon a variety of assumptions and conditions. Your loan's interest rate will depend upon the specific characteristics of your loan transaction. Contact the Real Estate Lending Department for details.
***No closing costs means no: origination fees/points, application fees, flood-check fees, credit-report fees, appraisal fees, mortgage-recording fees, title search fees, lender title insurance fees, bank-attorney fees and mortgage-recording tax. Valid on primary residence or second home, 1-4 family residential properties only. Valid on 10 and 15-year terms only. Private Mortgage Insurance (PMI) is required on loans with less than 20% down payment. You will be required to reimburse the Bank fees paid to third parties that were waived as part of the no-closing cost mortgage if it is closed or discharged within the first three (3) years after the opening date. The Bank will not pay for a survey, nor any other item that is ordinarily paid for by the seller. Refinances of an existing Chemung Canal/Capital Bank mortgage requires $50,000 in new money.
Click here to access Adjustable-Rate Mortgage interest rates through our Online Mortgage and Home Equity Center.
- Interest rates subject to change without notice
- All loans subject to credit approval
- Private Mortgage Insurance (PMI) is required for loans with less than 20% down
For more information please contact one of our mortgage professionals:
Mary Beth Uebrick: (518) 742-6240
Kelly Bailey: (518) 708-9944