Closed-End Home Equity Loan

Fixed APR

AVM = Automated Valuation Model

*APR = Annual Percentage Rate. Rate may vary based on credit score, type of loan and term, and is subject to change. Must be or become Collins Community CU member to obtain loan. Rate includes Loyalty Discount of 0.25%. To qualify for the Loyalty Discount, member must setup automatic loan payments from their Collins Community CU Checking account. All loans subject to approval and based on credit. Home Equity Loans are available on owner-occupied dwellings located with the credit union's community charter. Proof of homeowners insurance required. Member will pay title search, flood search, recording fee and property valuation when applicable. **Minimum credit score required for 100% financing.

Payment example: $30,000 with a 5 year fixed rate, amortized over a 5 year term at 7.25% APR, the monthly payment will be $597.68.

Payment example: $30,000 with a 10 year fixed rate, amortized over a 30 year term at 7.75% APR, the monthly payment will be $215.05.

Payment example: $30,000 with a 10 year fixed rate, amortized over a 10 year term at 7.50% APR, the monthly payment will be $356.21.