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Conventional Mortgages

Fixed Rate Mortgages

Stable monthly payments for the life of your loans.

Conventional fixed-rate mortgages offer homebuyers a stable interest rate and set payments over the life of their loan. If you are looking for a non-fluctuating mortgage payment a fixed-rate mortgage may be right for you.

With a fixed rate you can have a monthly payment that fits your budget and doesn’t change for the life of the mortgage. A variety of fixed rate terms are available. 

Visit our Mortgage Calculator to quickly see how much interest you could pay and your estimated principal balances.  Contact a member of our Mortgage Team for full details or to get started today!

  


Looking for a Jumbo Loan

BankNewport also offers competitive rates and flexible terms for Jumbo Mortgages.  Contact a member of our Mortgage Team for full details or to get started today!


 

10-Year Fixed Rate Mortgage*

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10-Year Term Interest Rate Points APR Maximum Loan Monthly Payments per $200,000 Borrowed
Conventional 4.125% 0.00% 4.289 $453,100 $2,036.81

The annual percentage rate (APR) is accurate as of: December 19, 2018

15-Year Fixed Rate Mortgage*

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15-Year Term Interest Rate Points APR Maximum Loan Monthly Payments per $200,000 Borrowed
Conventional 4.250% 0.00% 4.364 $453,100 $1,504.56

The annual percentage rate (APR) is accurate as of: December 19, 2018

20 Year Fixed Rate Mortgage*

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20-Year Term Interest Rate Points APR Maximum Loan Monthly Payment
Conventional 4.625% 0.00% 4.716 $453,100 $1,278.83

The annual percentage rate (APR) is accurate as of: December 19, 2018

30-Year Fixed Rate Mortgage*

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30-Year Term Interest Rate Points APR Maximum Loan Monthly Payments per $200,000 Borrowed
Conventional 4.750% 0.00% 4.817 $453,100 $1,043.29

The annual percentage rate (APR) is accurate as of: December 19, 2018



Adjustable Rate Mortgage (ARM**)

Take advantage of today's low rates.

Our adjustable rate products offer fixed payments for defined periods of time depending on the product you choose. Rate caps limit rate changes at each adjustment period and protect you from payment shock.  Payments do not include taxes and insurance.  Your payments may be greater.

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ARM Term Interest Rate Points APR Monthly Payments per $200,000 Borrowed
10/1 Months 1-120 / Months 121-360 4.500% / 5.625% 0 4.978% $1,013.37/ $1,113.19
7/1 Months 1-84 / Months 85-360 4.250% / 5.625% 0 5.019% $983.88 / $1,119.28
5/1 Months 1-60 / Months 61-360 4.000% / 5.625 0 5.085% $954.83/ $1,124.40

The annual percentage rate (APR) is accurate as of: December 19, 2018