Rates accurate as of March 1, 2024
Mortgage Type Interest Rate Annual Percentage Rate (APR) Loan Fee
30-Year Fixed
30-Year Fixed 6.875% 7.042% 1% Contact a Loan Officer
20-Year Fixed
20-Year Fixed 6.625% 6.840% 1% Contact a Loan Officer
15-Year Fixed
15-Year Fixed 6.500% 6.766% 1% Contact a Loan Officer
10-Year Fixed
10-Year Fixed 6.500% 6.875% 1% Contact a Loan Officer
1st Time Homebuyer (30-Year Fixed)
1st Time Homebuyer (30-Year Fixed) 6.625% 6.739% .50% Contact a Loan Officer
1st Time Homebuyer (20-Year Fixed)
1st Time Homebuyer (20-Year Fixed) 6.375% 6.522% .50% Contact a Loan Officer
Affordable Home Loan Program (30-Year Fixed)
Affordable Home Loan Program (30-Year Fixed) 5.000% 5.071% $800 Contact a Loan Officer
Non-Owner Occupied (30-Year Fixed)
Non-Owner Occupied (30-Year Fixed) 7.500% 7.729% 1.5% Contact a Loan Officer
Non-Owner Occupied (15-Year Fixed)
Non-Owner Occupied (15-Year Fixed) 7.500% 7.865% 1.5% Contact a Loan Officer
Green Choice Energy Efficient Mortgage*
Green Choice Energy Efficient Mortgage* 0.50% Off Loan Fee Contact a Loan Officer
Mortgage Type Interest Rate Annual Percentage Rate (APR) Loan Fee
Jumbo (30-Year Fixed)
$825,000.00 and above (80% max LTV)
$825,000.00 and above (80% max LTV) 6.875% 7.024% 1%

Product for owner-occupied purchases & refinances. Rates are held at the time of application. Plus, if our rates go down before closing, you get the lowest rate. Ask about our insured programs with only a 3% down payment.

Jumbo Loans are not available on Green Choice Lending programs.

HOME LOAN PAYMENT CALCULATIONS
Calculations based on $300,000.00 conventional loan with 20% down payment (purchase) or equity position (refinancing). Payment calculations are principal and interest only and do not include taxes or insurance which may increase your monthly payment.

  • 30-Year Mortgage: Interest rate 6.875%, Annual Percentage Rate (APR) 7.042%, 360 monthly payments of $1,970.79 each, total interest paid $410,339.43.
  • 20-Year Mortgage: Interest rate 6.625%, Annual Percentage Rate (APR) 6.840%, 240 monthly payments at $2,258.85 each, total interest paid $242,952.73.
  • 15-Year Mortgage: Interest rate 6.500%, Annual Percentage Rate (APR) 6.766%, 180 monthly payments of $2,613.32 each, total interest paid $171,210.83.
  • 10-Year Mortgage: Interest rate 6.500%, Annual Percentage Rate (APR) 6.875%, 120 monthly payments of $3,406.44 each, total interest paid $109,585.23.
  • 1st Time Homebuyer (30-Year Mortgage): Interest rate 6.625%, Annual Percentage Rate (APR) 6.739%, 360 monthly payments of $1,920.93 each, total interest paid $392,366.19.
  • 1st Time Homebuyer (20-Year Mortgage): Interest rate 6.375%, Annual Percentage Rate (APR) 6.522%, 240 monthly payments of $2,214.70 each, total interest paid $232,323.52.
  • Non-Owner Occupied (30-Year Mortgage): Interest rate 7.500%, Annual Percentage Rate (APR) 7.729%, 360 monthly payments of $2,097.64 each, total interest paid $456,092.88.
  • Non-Owner Occupied (15-Year Mortgage): Interest rate 7.500%, Annual Percentage Rate (APR) 7.865%, 180 monthly payments of $2,781.04 each, total interest paid $201,523.74.

JUMBO LOAN PAYMENT CALCULATIONS
Calculation example based on loan amount shown with 20% down payment (purchase) or equity position (refinancing). Payment calculation is principal and interest only and does not include taxes or insurance which may increase your monthly payment.

  • $825,000 loan amount (80% max LTV): Interest rate 6.875%, Annual Percentage Rate (APR) 7.024%, 360 monthly payments of $5,419.66 each, total interest paid $1,128,443.80.

At OlyFed we do offer Jumbo Loans with as little as 10% down; however, Private Mortgage Insurance (PMI) is required with loans that have less than 20% down. Contact an OlyFed Loan Officer for more details.

AFFORDABLE HOME LOAN PROGRAM PAYMENT CALCULATION 
Calculations based on $330,000.00 conventional loan with 3% down payment (purchase) or equity position (refinancing). Payment calculations are principal and interest only and do not include taxes, insurance or Private Mortgage Insurance (PMI), which may increase your monthly payment.

  • Affordable Home Loan Program (30-Year Mortgage): Interest rate 5.000%, Annual Percentage Rate (APR) 5.071%, 360 monthly payments of $1,771.51 each, total interest paid $308,432.04.

Green Choice Energy Efficient Mortgage: 0.50% off loan fee for loans $824,999 and below.

Member FDIC
Equal Housing Lender