Home Equity Historical Examples

The examples below show how the annual percentage rate and the minimum payments for a single $10,000.00 credit advance would have changed based on changes in the Index over the last 15 years . The Index values are from the following reference period: as of first business day in January. While only one payment amount per year is shown, payments may have varied during each year. Different outstanding principal balances could result in different payment amounts.

The tables assume that no additional credit advances were taken, that only the minimum payment was made, and that the rate remained constant during each year. It does not necessarily indicate how the Index or your payments would change in the future.

 

Home Equity Line of Credit Example

Year
(as of first business day in January)

Index
(Percent)

Margin1
(Percent)

Annual Percentage RateMonthly Payment (Dollars)
20008.5001.0009.500$151.21
20019.5001.00010.500$138.76
20024.7501.0005.750$127.99
20034.2501.0005.250$113.03
20044.0001.0005.00$99.33
20055.2501.0006.250$87.19
20067.2501.0008.250$77.54
20078.2501.0009.250$75.00
20087.2501.0008.250$75.00
20093.2501.0004.250$75.00
20103.2501.0004.250
20113.2501.0004.250
20123.2501.0004.250
20133.2501.0004.250
20143.2501.0004.250
 

1 This is a margin we have used recently, your margin may be different.

 

Interest Only Home Equity Line of Credit Example

Year
(as of first business day in January)

Index
(Percent)

Margin1
(Percent)

Annual Percentage RateMonthly Payment (Dollars)
20008.5001.0009.500$80.68
20019.5001.00010.500$89.18
20024.7501.0005.750$48.84
20034.2501.0005.250$44.59
20044.0001.0005.00$42.47
20055.2501.0006.250$53.08
20067.2501.0008.250$70.07
20078.2501.0009.250$78.56
20087.2501.0008.250$70.07
20093.2501.0004.250$36.10
20103.2501.0004.250
20113.2501.0004.250
20123.2501.0004.250
20133.2501.0004.250
20143.2501.0004.250
 
  1. This is a margin we have used recently, your margin may be different.