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Mortgage

Mortgage Interest Rates

Rates as of January 22, 2020
 

Monthly and Bi-Weekly Fixed Interest Rates

Monthly Fixed Mortgage Interest Rates
TermInterest RatePointsAPR*No Closing Costs Interest Rate***APR*Minimum Down
103.000%03.23%3.500%3.73%5%
102.875%13.32%3.375%3.82%5%
102.750%23.41%3.250%3.92%5%
102.625%33.50%3.125%4.01%5%
153.000%03.16%3.500%3.66%5%
152.875%13.18%3.375%3.68%5%
152.750%23.20%3.250%3.71%5%
152.625%33.22%3.125%3.73%5%
203.375%03.50%Not AvailableNot Available5%
203.250%13.49%Not AvailableNot Available5%
203.125%23.48%Not AvailableNot Available5%
203.000%33.47%Not AvailableNot Available5%
30**3.625%03.71%Not AvailableNot Available5%
30**3.500%13.67%Not AvailableNot Available5%
30**3.375%23.63%Not AvailableNot Available5%
30**3.250%33.58%Not AvailableNot Available5%

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)

Monthly Fixed Mortgage Loan Payment Examples
Term (Years)Amount BorrowedMonthly Payment (not including Escrow or PMI)Total Loan & Interest
10$50,000$482.80$57,936.00
15$50,000$345.29$62,152.20
20$50,000$286.78$68,827.20
30$50,000$228.03$82,090.80

Monthly Fixed No Closing Costs Mortgage Payment Examples (assume 0 points)

Monthly Fixed Mortgage Loan Payment Examples
Term (Years)Amount BorrowedMonthly Payment (not including Escrow or PMI)Total Loan & Interest
10$50,000$494.43$59,331.60
15$50,000$357.44$64,339.20

*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 call us at (518) 430-2832 x 8002 or toll-free at (800) 836-3711 extension 8002 and ask to speak to a Mortgage Specialist.