Home Loan Rates

Rates Effective: August 9, 2024. These rates, programs, terms and conditions are subject to change without notice. Meritrust Credit Union membership required.

30 Year Fixed
Rates APR Points Payments
5.75% 5.830% 0 $1,225.50
At the illustrated mortgage interest rate and APR, the monthly payment schedule would be:
  • 359 payments of $1,225.50
  • 1 payments of $1,228.33

20 Year Fixed
Rates APR Points Payments
5.50% 5.605% 0 $1,444.56
At the illustrated mortgage interest rate and APR, the monthly payment schedule would be:
  • 239 payments of $1,444.56
  • 1 payment of $1,445.99

15 Year Fixed
Rates APR Points Payments
5.50% 5.633% 0 $1,715.88
At the illustrated mortgage interest rate and APR, the monthly payment schedule would be:
  • 179 payments of $1,715.88
  • 1 payment of $1,714.52

10 Year Fixed
Rates APR Points Payments
5.375% 5.562% 0 $2,266.07
At the illustrated mortgage interest rate and APR, the monthly payment schedule would be:
  • 119 payments of $2,266.07
  • 1 payment of $2,265.50

5/5 ARM
Rates APR Points Payments
5.75% 6.660% 0 $1,225.50
Based on current market conditions, the monthly payment schedule would be:
  • 60 payments of $1,225.50 at an interest rate of 5.75%
  • 60 payments of $1,001.53min. to $1,471.39max. at an interest rate of 3.75% min. to 7.75% max
  • 240 payments of $915.85min. to $1,700.00max. at an interest rate of 2.75% min. to 9.75% max

Adjustable-Rate Mortgages (ARM) interest rates and payments assume a 30-year term. Interest rate is subject to increase after the initial fixed-rate period (every 5 years after the initial 10-year term for the 10/5 ARM, and every 5 years after the initial 5-year term for the 5/5 ARM). ARM rates are indexed to the Daily Treasury Bill Rate 52 WEEKS BANK COUPON EQUIVALENT with a margin of 2.75%. The initial rate can increase or decrease up to 2% per adjustment with no more than a 4% increase for the life of the loan.

10/5 ARM
Rates APR Points Payments
5.75% 6.301% 0 $1,225.50
Based on current market conditions, the monthly payment schedule would be:
  • 120 payments of $1,225.50 at an interest rate of 5.75%
  • 60 payments of $1,034.90min. to $1,432.99max. at an interest rate of 3.75% min. to 7.75% max
  • 180 payments of $965.74min. to $1,612.76max. at an interest rate of 2.75% min. to 9.75% max

Adjustable-Rate Mortgages (ARM) interest rates and payments assume a 30-year term and are subject to increase after the initial fixed-rate period (every 5 years after the initial 10-year term for the 10/5 ARM, and every 5 years after the initial 5-year term for the 5/5 ARM). ARM rates are indexed to the Daily Treasury Bill Rate 52 WEEKS BANK COUPON EQUIVALENT with a margin of 2.75%. The initial rate can increase or decrease up to 2% per adjustment with no more than a 4% increase for the life of the loan.

Meritrust Dream 100% 20 Year*
Rates APR Points Payments
6.25% 6.362% 0 $1,534.95
At the illustrated mortgage interest rate and APR, the monthly payment schedule would be:
  • 119 payments of $1,534.95
  • 1 payment of $1,534.57

Meritrust Dream 100% 15 Year*
Rates APR Points Payments
6.25% 6.390% 0 $1,800.59
At the illustrated mortgage interest rate and APR, the monthly payment schedule would be:
  • 179 payments of $1,800.59
  • 1 payment of $1,800.04

Disclaimer: The information provided is for informational purposes only (and subject to change at any time) for the purchase of an owner-occupied single-family residence with a loan amount of $210,000 and valued at $350,000. The property is located in Wichita, KS and is within Sedgwick County. The assumed credit score is 760 or above. Estimated monthly payments shown include principal and interest payment only. If an escrow account is required or requested, the actual monthly payment will be higher and will include amounts for real estate taxes and homeowner's insurance premiums. All final loan terms, including interest rate, will depend upon specific characteristics of the loan and the credit history through the time of closing.

*Meritrust Dream 100% loans assumes a 100% loan-to-value for primary single-family residence only.