Phone: (419) 426-3641
Cut your interest costs with accelerated repayment of your mortgage.
Cut your interest costs with accelerated repayment of your mortgage. While monthly payments will be more than with a 30-year loan, your equity builds up faster and interest savings are significant.
Sample Scenarios:
For a 20 year loan, a $100,000 mortgage loan with a rate of 4.875% (APR 4.993%) and a 20% down payment ($25,000) on purchase price of $125,000 with no points, would have a monthly payment of $653.08 (principal & interest).*
For a 15 year loan, a $100,000 mortgage loan with a rate of 4.375% (APR 4.523%) and a 20% down payment ($25,000) on purchase price of $125,000 with no points, would have a monthly payment of $758.63 (principal & interest).*
* Stated rates and terms intended as examples only. Call (800) 422-3641 for current rates and terms.
Sutton Bank, Member FDIC, Equal Housing Lender