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Home Equity Loan


A fixed rate home equity loan provides the money you need right now with a budget-friendly regular monthly payment amount.


Home Equity Loan - 10 Year Fixed Rate

Rate             APR             Payment     

8.75%           8.886%            $939.95

          

 

At a 8.75% Interest rate the Annual Percentage Rate for this loan type is 8.886%.  The monthly payment schedule would be:

  • 119 payments of $939.95 at an interest rate of 8.75%
  • 1 payment of $940.04 at an interest rate of 8.75%

The payment schedule is based on a $75,000 loan in Fairfield County, CT.

Important product information, terms and disclosures

Home Equity Loan closing fees


Important Notices

  • The interest rate and annual percentage rate (APR) shown above are subject to change without notice. The actual interest rate offered is based on your credit history, the term of your loan, your debt to income ratio and percentage of remaining equity in your home.
  • Your APR will vary based on your final loan amount and actual finance charges.
  • There will be a prepayment penalty equal to 2.000% of the outstanding principal balance at the time of the repayment, if your Home Equity Loan is paid in full in the first two years.
  • Consult your tax advisor about deductibility.
  • Adequate homeowner's insurance coverage is required.
  • If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. You will be required to pay real estate taxes and homeowner's insurance even if there is no escrow account.

If you are ready to start your application, apply now.


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© Newtown Savings Bank 2021