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We Make It Easier To Buy
A New Home
Buying a new home should be a pleasant experience. We'd like to help make it that way by taking the worry out of applying for a mortgage. That's why we would like you to take our
Home BuyAbility Test. It will help you find out how much home is right for you, so you can feel more comfortable when you apply for your mortgage loan with us.
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.
- Conventional Loans have a fixed rate and monthly payment for the entire life of the loan. It's easy to budget for this type of loan because your payment will always be the same. The rate on a conventional mortgage loan is generally higher than an adjustable rate mortgage. We offer 10,15, 20, and 30 year options
- Adjustable Rate Loans usually start with lower rates than conventional loans. We'll let you know how much the rate can be adjusted over the life of the loan, so you'll know from the beginning the absolute maximum amount you would ever have to pay. If you will be moving in a few years, or if you think interest rates will be going down, you'll want to consider an adjustable rate since monthly payments may be lower.
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 principal and interest payment. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance and mortgage life insurance are also not included on the chart, but may be added to your monthly payments.
| $ 60,000 | $ 322 | $ 360 | $ 399 |
| $ 80,000 | $ 429 | $ 480 | $ 532 |
| $100,000 | $ 537 | $ 600 | $ 665 |
| $120,000 | $ 644 | $ 719 | $ 798 |
| $140,000 | $ 752 | $839 | $931 |
| $160,000 | $859 | $959 | $1,064 |
| $180,000 | $966 | $1,079 | $1,198 |
| $200,000 | $1,074 | $1,199 | $1,331 |
Is Refinancing Right For You? Generally, it's a good idea for you to consider refinancing whenever the interest rate for mortgages is more than one percentage point below your present mortgage or if you are able to recoup the closing costs in a 12 month period. And whether you apply with us for a new mortgage to buy the home you want, or to refinance your present mortgage, ask about a Home Equity Line of Credit. It can help you save on fees,interest and on taxes. For more details, speak to one of our mortgage loan experts. Ann Murray at 262-375-9150 in the Grafton area. Mary Metzger or Becky Maurice at 262-251-9050 in the Menomonee Falls area.
