Mortgage Rates

All rates are subject to change without notice and may vary depending upon borrower's circumstances. Check out our mortgage calculator to determine your monthly payments by using the appropriate loan amount and the appropriate rate from the tables below. Contact a Park Bank mortgage lender for additional information.
Loan and Annual Percentage Rate (APR) Information for Loans Less Than $417,000*. Rates are as of May 16, 2008.
	30 Year	15 Year	3 Year ARM*	5 Year ARM*
Interest Rate	6.000%	5.500%	5.500%	5.500%
Total Points	.00	.00	.00	.00
APR	6.031%	5.551%	5.461%	5.478%
Term	30 Years	15 Years	30 Years	30 Years
Loan Amount	$150,000	$150,000	$150,000	$150,000
Down Payment	20%	20%	20%	20%
Monthly Principal and Interest Payment	360 pymts of $899.33	180 pymts of $1,225.63	36 pymts of $851.68 plus 324 pymts of $840.78	60 pymts of $851.68 plus 300 pymts of $841.36
Time initial Rate is Fixed	30 Years	15 Years	3 Years	5 Years
Rate Adjustment Caps	NA	NA	2/5	2/6
Rates and/or fees may vary depending upon borrower's credit score, loan-to-value, and other factors. Mortgage insurance may be required on loans with a down payment of less than 20%. This may affect your monthly payment and the loan’s APR. *Subject to rate variation (may increase) after loan consummation.
Loan and APR Information for Loans More Than $417,000*. Rates are as of May 16, 2008.
	10-Year Balloon*
Interest Rate	6.75%
Total Points	0
APR	6.764
Term	120 months amortized over 30 years
Loan Amount	$417,001
Down Payment	20%
Monthly Principal and Interest Payment	119 pymts of $2,704.66 plus 1 pymt of $358,410.77
Time initial Rate is Fixed	10 years
Rate Adjustment Caps	NA
Mortgage insurance may be required on loans with a down payment of less than 20%. This may affect your monthly payment and the loan’s APR.
*Your APR will vary based on loan amount and closing costs. Your actual monthly payments will be higher if an escrow account for taxes and insurance is established.
It is the general practice of Park Bank to lend to individuals that reside in Dane and surrounding Wisconsin counties. For a copy of Park Bank’s Community Reinvestment Act Notice, please contact us.

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