Effective 05-20-13
(Rates are Subject to Change Without Notice)
| Loan Type |
Loan-to-Value |
Loan Amount |
Max. Maturity |
Closing Costs |
Annual Percentage Rate |
| Home Equity Installment Loans |
(min. loan amount $5,000) |
|
|
|
|
| Owner Occupied |
80% or less |
$5,000+ |
36 Months |
None |
6.00% |
| |
80% or less |
$5,000+ |
60 Months |
None |
6.25% |
| |
80% or less |
$5,000+ |
120 Months |
None |
6.50% |
| |
80% or less |
$5,000+ |
180 Months |
None |
6.75% |
| |
|
|
|
|
|
| Non-Owner Occupied |
70% or less |
$5,000+ |
36 Months |
None |
7.00% |
| |
70% or less |
$5,000+ |
60 Months |
None |
7.25% |
| |
70% or less |
$5,000+ |
120 Months |
None |
7.50% |
| |
70% or less |
$5,000+ |
180 Months |
None |
7.75% |
| |
|
|
|
|
|
| Home Equity Line of Credit |
(min. loan amount $10,000) |
|
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|
|
| Fixed Rate/Owner Occupied |
80% or less |
$10,000+ |
60 Months |
None |
8.00% |
| |
|
|
|
|
|
| Variable Rate/Owner Occupied |
80% or less |
$10,000+ |
84 Months** |
None |
P+1.25% * |
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P=the Wall Street Journal Prime Rate, the base rate on corporate loans posted by at least 75% of the Nation's 30 largest banks. As of 05/20/13, the Wall Street Journal Prime Rate was 3.25%. Therefore, P+1.00% means 1.00% in excess of the Wall Street Journal Prime Rate, or 4.25% Annual Percentage Rate.
Extensions of credit are subject to credit approval.
* The maximum annual percentage rate on a Variable Rate Home Equity Line of Credit is 18.00%. The interest rate on variable rate loan products may increase after the loan's inception.
With automatic deduction of the monthly payment from a Checking, NOW, or Savings account at Community Bank of Elmhurst, deduct 0.25% from the above Annual Percentage Rates. There is a 4.25% minimum Annual Percentage Rate and an 18.00% maximum Annual Percentage Rate. Non-Owner Occupied rates are 1.00% higher than the above 80% Loan-to-Value rates. The maximum Loan-to-Value on a Non-Owner Occupied loan is 70%. An Annual Fee of $45.00 will be waived the first year and assessed annually thereafter on the anniversary date of the Home Equity Line of Credit (variable rate HELOC). **A $450.00 early termination fee will be charged for Home Equity Lines of Credt that are terminated in less than 2 years.
Please call us at (630)782-1234 for other rates, current promotions, or for answers to any other question.