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Loan Rates

 

Fixed Rate Home Equity Loans

 TermInterest RateAPR** Monthly Payment
Per $1,000 borrowed
5-Year* 2.99% 2.99% $17.96
7-Year 3.99% 3.99% $13.66
10-Year 4.49% 4.49% $10.35
15-Year 5.25% 5.25% $8.03
20-Year 5.75% 5.75% $7.02
Fixed-rate, closed-end loan secured by primary residence. Property insurance required. Rates are for qualified applicants and offer subject to credit approval. Rates are contingent upon automatic payments made from a Mid Penn Bank checking account. Add 0.20% to rate if borrower does not elect to have payments automatically deducted from a Mid Penn Bank checking account. Monthly payment of approximately $17.96 per $1,000 borrowed. Payment amount does not include taxes and insurance; your actual payment obligation may be greater. Maximum loan-to-value = 80%. Maximum debt-to-income = 43%. All rates effective as of 07/31/2014 and are subject to change without notice.
*2.99% APR based on five-year (60 month) term. No fees charged at closing. Rate is effective as of 07/31/2014 and is subject to change without notice.

**Annual Percentage Rate

 
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Home Equity Lines of Credit (10 Year Draw Period)

 Interest RateAPR* Annual Fee
Variable = WSJ Prime
Maximum Rate = 21.0%

3.25%

NONE
*Annual Percentage rate is equal to Wall Street Journal Prime rate. APR is variable and may increase or decrease monthly. APR includes a discount for automatic payment deduction from a Mid Penn Bank deposit account. Add .20% to the Prime Rate if borrower does not elect to have payments automatically deducted from a Mid Penn Bank deposit account. Maximum APR is 21.0%. Primary residence only. Property insurance is required. Maximum loan-to-value is 80%. Fees paid by the borrower generally range from $0 - $600. Consult a tax adviser for deductibility of interest. Offer subject to credit approval. All rates effective as of 1/30/15 and are subject to change without notice. This offer is available to existing home equity line of credit customers, subject to a processing fee. Other rates and terms available. NMLS ID# 514439


*Annual Percentage Rate

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