Mortgage Loans

BS_44841040_957X417

Building or Buying a new home should be a pleasant experience.

Whether you are buying, building or refinancing a home, we can help you find the right type of financing program to fit your needs including both long term fixed rates as well as short term conventional mortgage loans.

Select a Mortgage loan to fit your financial situation.  Before you apply for your mortgage loan, you’ll need to decide which type of loan may be right for you.

Fixed Rate Mortgage Loans lock in a fixed interest rate for terms of 10 to 30 years.  The shorter the repayment period you select, the less interest you will pay.

Balloon Mortgage Loans have an extended term of up to 30 years, with a fixed interest rate for 61 months.  This option is popular for situations where you don’t meet the conditions of a fixed rate loan, or do not plan to own the real estate for a long period of time.

WHEDA Mortgage Loans are for Wisconsin residents who will have the flexibility to leverage down payment assistance and other advantages to buy a home with an affordable mortgage payment.

Construction Mortgage Loans for temporary financing at low interest rates to finance the building costs during construction until you are able to move in and your long term mortgage financing takes effect.

Land Mortgage Loans for people who are looking to purchase recreational property or to buy a lot for future construction.

Home Equity Loans for one time extensions of credit for a number of reasons with regular payments structured over a period of time.

Home Equity Line of Credit Loans is an established credit line from which you can withdraw money again and again, similar to a credit card but at a much lower interest cost because it is secured by your home.

Once you know approximately how much home is in your price range, use the guide below or our convenient Mortgage Loan Calculator to estimate your monthly payments based on the mortgage amount and interest rate.  Closing costs are normally paid in a lump sum at the time you close your loan.  Other annual costs such as taxes, insurance and mortgage insurance are also not included on the chart, but may be added to your monthly payments.

Mortgage Amount4% APR5% APR6% APR7% APR
$60,000 $286$322$360$399
$80,000 $382$429$480$532
$100,000 $477$537$600$665
$120,000 $573$644$719$798
$140,000 $668$751$839$931
$160,000 $764$859$959$1,064
$180,000 $859$966$1,079 $1,198
$200,000 $955$1,074 $1,199 $1,331

The above rates are for illustrative purposes only.  They are based on the Annual Percentage Rate (APR) indicated for principal and simple interest with a term of 30 years. 

Is Refinancing Right For You? Contact one of our mortgage loan experts to discuss your options.