Home Financing You Can Trust
Marquette Bank is Chicagoland’s neighborhood lender.
Rates shown as of: 1/23/23
Loan
Product
|
Interest Rate
|
APR
|
Estimated Purchase Price
|
Loan Amount
|
Credit Score1
|
Monthly Principal and Interest Payment2 |
Number of Payments
|
7/1 ARM3 |
4.875% |
6.40% |
$250,000 |
$200,000 |
740 |
$1,073.64 |
360 |
30-Year
Fixed Rate Conventional |
5.500% |
5.65% |
$250,000 |
$200,000 |
740 |
$1,135.58 |
360 |
30-Year
Fixed Rate Jumbo |
5.500% |
5.43% |
$908,750 |
$727,000 |
740 |
$4,127.83 |
360 |
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Loan payment calculation assumptions and disclosures
1 Assumes borrower has excellent credit (credit score of 740 FICO or higher).
2 Monthly payment shown includes principal and interest. Payments will be higher for escrows of insurance and real estate taxes.
3 Adjustable-rate mortgage (ARM) interest rate and payment are subject to increase after the initial 7-year fixed-rate period and will adjust annually thereafter.
- Subject to credit approval. Property insurance required. Flood insurance may be required.
- Examples shown are payment calculations for the purchase of an owner-occupied (borrower’s primary residence) single family home.
- Conventional home loan products and ARM loan product calculations are based on an estimated purchase price of $250,000; a loan amount of $200,000; down-payment of 20%; and a loan-to-value (LTV) of 80%.
- Jumbo loan products calculations are based on an estimated purchase price of $908,750; a loan amount of $727,000; down-payment of 20%; and a loan-to-value (LTV) of 80%.
- Interest rates and Annual Percentage Rates (APRs) are based on our current pricing; for informational purposes only; subject to change without notice; and may be subject to pricing add-ons related to property type, occupancy type, loan amount, loan-to-value ratio, credit score, refinance with cash-out and other variables. CALL FOR DETAILS.
Starting is easy...
Start with a quick Home Finance Review to understand all your home financing options.
- Contact your current/regular Marquette Bank Mortgage Specialist directly.
- Find and contact a Marquette Bank Mortgage Specialist that you'd like to work with.
- Complete the form below and a Mortgage Specialist will contact your within 1 business day.