| APR | Rate Type | Payment Structure | Monthly Payment | |
|---|---|---|---|---|
| Solar Fixed 15 yrs | 6.002% | Fixed | Principal & Interest | $253.03/month yrs. 1-15 |
| Solar Fixed 25 yrs | 6.503% | Fixed | Principal & Interest | $202.48/month yrs. 1-25 |
| Solar Flex | 5.253% | Variable | 10 years Interest Only | $131.33/month yrs. 1-10* |
| 15 years Principal & Interest | $241.21/month yrs. 11-25 |
Quoted APR is subject to change after loan consummation. Quoted payments are based on the APR remaining unchanged.
Quoted APR includes a discount of .75% for direct-autopay via a New Resource Bank checking account.
*Monthly payments which average $131.33/month vary based upon the number of days in the month.
| APR | Rate Type | Payment Structure | Monthly Payment | |
|---|---|---|---|---|
| Home Equity Loan 15 yrs | 6.254% | Fixed | Principal & Interest | $857.05/month yrs. 1-15 |
| Home Equity Loan 25 yrs | 6.754% | Fixed | Principal & Interest | $690.68/month yrs. 1-25 |
Quoted APR is subject to change after loan consummation. Quoted payments are based on the APR remaining unchanged.
Quoted APR includes a discount of .75% for direct-autopay via a New Resource Bank checking account. An additional .125% discount is available on a HELOC or Home Equity Loan if proceeds are used for a LEED (Leadership in Energy & Environmental Design) certified green remodel of a borrower's home.
Rates provided are effective as of 05/20/2008, and for the 15 or 25 year fixed rate option or Home Equity Loan, assume a 0.75% APR reduction for automatic payments from a New Resource Bank checking or savings account. If you or we terminate automatic payments, the interest rate will be increased by 0.75% APR and the monthly payment will increase accordingly. An additional 0.50% APR reduction will be applied to loans on properties within the state of California. These rates, as well as other terms and conditions, are subject to change without notice.
The APR for the Home Equity Line of Credit Plan may vary. No points or fees will be charged to open a Home Equity Line of Credit Plan, Solar Fixed 15, Solar Fixed 25 or Solar Flex Plan for amounts up to $250,000. Appropriate insurance must be in effect on the property, which secures the Account. All loans are subject to credit approval**.
**Loans are not available on properties located within the state of Texas.