Bank of New HampshireWe Love NH April 23, 2014 12:55 PM
Personal Banking

Quick Links
Contact a Mortgage Officer
Financial Answer Center
Financial Calculators
Checking Switch Kit
Forms


Bank of New Hampshire

View Printer Friendly Page >>

Special Home Equity Line of Credit

2.99% APR Introductory Rate Fixed for 2 year, then Variable APR of Prime + 0%, currently, 3.25% APR, subject to a floor of 4.50% APR  
No Closing Costs
 

Apply Now
 

             Rates April 14, 2014
All rates subject to change without notice
APR = Annual Percentage Rate 

Introductory APR of 2.99% fixed for two years. After two years, the APR is variable, and will adjust to the Prime Rate of Interest published in the Wall Street Journal (Prime Rate) plus 0%, subject to a minimum APR of 4.50% (floor), and a maximum APR of 18% (ceiling). As of 04/14/14, the Prime Rate of 3.25% plus 0% equals 3.25%, which reverts to the 4.50% APR floor. The APR will adjust monthly for the remainder of the term. The APR may vary. The draw period consists of interest only payments for 10 years, followed by a fifteen year repayment period with amortizing payments of principal and interest. Payment example based on a Home Equity Line of $15,000 for 24 months at 2.99%, the interest only payment would be $36.90, then the remaining 96 months of interest only payments at 4.5% of $55.48; the remaining 180 months, the payment would be $114.75.Maximum loan to value of 80%. No annual maintenance fee for the first year. Payment examples do not include taxes and insurance premiums and the actual payment obligation will be greater. An annual maintenance fee of $50 will apply after the first year.

An Early Termination Fee applies during the first 3 years of opening the account and is equal to the waived third party fees the Bank pays on your behalf. Maximum loan amount is $750,000; minimum loan amount is $10,000. Program available for primary and second homes only. Bank of New Hampshire checking or statement savings account is required to be eligible for this loan program. Property insurance is required. Promotion is subject to withdrawal without notice.

Click here to contact a home equity specialist near you today.  

Home Equity Loan 

Minimum loan amount - $10,000 for new loan.   

Apply Now 

Up to 60 Months  APR  Monthly Payment 
$10,000-$24,999 5.60% $191.54
$25,000-$499,999 4.49% $466.08
$500,000+ 4.99% $9,434.21
61-120 Months  APR  Monthly Payment 
$10,000-$24,999 5.40% $108.07
$25,000-$499,999 4.90% $264.02
$500,000+ 5.40% $5,402.12
121-180 Months  APR  Monthly Payment 
$10,000-$24,999 5.49% $81.68
$25,000-$499,999 4.95% $197.07
$500,000+ 5.49% $4,083.18
181-240 Months  APR  Monthly Payment 
$10,000-$24,999 6.10% $72.23
$25,000-$499,999 5.70% $174.83
$500,000+ 6.10% $3,611.48

Payment examples do not include taxes and insurance premiums and the actual payment obligation will be greater. Payment examples based on the lowest loan amount and maximum term in each range. No closing costs -some restriction apply. Property insurance required. An Early Termination Fee applies during the first 3 years of opening the account and is equal to the waived third party fees the Bank pays on your behalf. Maximum loan to value - 80%.

 Equal Housing Lender Member FDIC