Mortgage
Mortgage Interest Rates
Rates as of January 15, 2021
Monthly and Bi-Weekly Fixed Interest Rates
| Term | Interest Rate | Points | APR* | No Closing Costs Interest Rate*** | APR* | Minimum Down |
|---|---|---|---|---|---|---|
| 10 | 2.625% | 0 | 2.85% | 3.375% | 3.61% | 5% |
| 10 | 2.500% | 1 | 2.94% | 3.250% | 3.70% | 5% |
| 10 | 2.375% | 2 | 3.03% | 3.125% | 3.79% | 5% |
| 10 | 2.250% | 3 | 3.12% | 3.000% | 3.88% | 5% |
| 15 | 2.625% | 0 | 2.78% | 3.375% | 3.54% | 5% |
| 15 | 2.500% | 1 | 2.80% | 3.250% | 3.56% | 5% |
| 15 | 2.375% | 2 | 2.82% | 3.125% | 3.58% | 5% |
| 15 | 2.250% | 3 | 2.84% | 3.000% | 3.61% | 5% |
| 20 | 2.875% | 0 | 3.00% | Not Available | Not Available | 5% |
| 20 | 2.750% | 1 | 2.98% | Not Available | Not Available | 5% |
| 20 | 2.625% | 2 | 2.97% | Not Available | Not Available | 5% |
| 20 | 2.500% | 3 | 2.96% | Not Available | Not Available | 5% |
| 30** | 3.000% | 0 | 3.09% | Not Available | Not Available | 5% |
| 30** | 2.875% | 1 | 3.04% | Not Available | Not Available | 5% |
| 30** | 2.750% | 2 | 2.99% | Not Available | Not Available | 5% |
| 30** | 2.625% | 3 | 2.95% | 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 | $474.20 | $56,904.00 |
| 15 | $50,000 | $336.34 | $60,541.20 |
| 20 | $50,000 | $274.18 | $65,803.20 |
| 30 | $50,000 | $210.80 | $75,888.00 |
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 | $491.51 | $58,981.20 |
| 15 | $50,000 | $354.38 | $63,788.40 |
*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