Savings & Retirement Calculators
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Whether you're buying a vehicle, eyeing another important purchase or planning to consolidate credit card debt into one loan, First American Bank's loan options provide you a wallet-friendly solution. With locations in Illinois, Wisconsin and Florida, we're easily accessible if you need additional information and want to discuss your loan options in person.
| Product | Rate | APR |
|---|---|---|
Home Equity 5 Year Fixed Terms and Conditions | 5.375% | 5.375% |
Home Equity 10 Year Fixed Terms and Conditions | 5.750% | 5.750% |
Home Equity 5/20 Balloon Terms and Conditions | 5.875% | 5.875% |
Home Equity 5 Year Fixed
The information provided is based on a $50,000 home equity loan. The property is located in Chicago, Cook county in the State of IL. The property is an existing single family home and will be used as a primary residence. The rate lock period is 35 days and the assumed credit score is 740. These rates are subject to change without notice. Loan to Value must be less than or equal to 75.00. For loans secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. Subject to credit approval.
At a 5.375% interest rate, the APR for this loan type is 5.375%. The monthly payment schedule would be:
- 59 payments of $952.18 at an interest rate of 5.375%
- 1 payment of $951.93 at an interest rate of 5.375%
Home Equity 10 Year Fixed
The information provided is based on a $50,000 home equity loan. The property is located in Chicago, Cook county in the State of IL. The property is an existing single family home and will be used as a primary residence. The rate lock period is 35 days and the assumed credit score is 740. These rates are subject to change without notice. Loan to Value must be less than or equal to 75.00. For loans secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. Subject to credit approval.
At a 5.750% interest rate, the APR for this loan type is 5.750%. The monthly payment schedule would be:
- 119 payments of $548.85 at an interest rate of 5.750%
- 1 payment of $548.36 at an interest rate of 5.750%
Home Equity 5/20 Balloon
The information provided is based on a $50,000 home equity loan. The property is located in Chicago, Cook county in the State of IL. The property is an existing single family home and will be used as a primary residence. The rate lock period is 35 days and the assumed credit score is 740. These rates are subject to change without notice. Loan to Value must be less than or equal to 75.00. For loans secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. Subject to credit approval.
At a 5.875% interest rate, the APR for this loan type is 5.875%. The monthly payment schedule would be:
- 61 payments of $354.62 at an interest rate of 5.875%
- 1 payment of $42,421.29 at an interest rate of 5.875%
| Product | Rate | APR |
|---|---|---|
Home Equity Line of Credit Terms and Conditions | 4.500% | 4.500% |
Home Equity Line of Credit
The information provided is based on a $100,000 home equity loan. The property is located in Chicago, Cook county in the State of IL. The property is an existing single family home and will be used as a primary residence. The rate lock period is 35 days and the assumed credit score is 740. These rates are subject to change without notice. Loan to Value must be less than or equal to 75%. For loans secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. The minimum APR is 4.50% and the maximum APR is 18%. Subject to credit approval. Standard rates apply.
Interest Rate/APR: Prime Rate published in the Money Rates section of the Wall Street Journal. + 0.000% (currently 3.250%), subject to increase.
Payment: Your Regular Payment will equal the amount of your accrued Finance Charges. Term: The draw period will extend to the first day of the month following execution of the loan documents plus ten (10) years.
Balance Due at End of Loan Term: Closing Fees: $453.00
Annual Fee: $60.00
Payment: Your Regular Payment will equal the amount of your accrued Finance Charges. Term: The draw period will extend to the first day of the month following execution of the loan documents plus ten (10) years.
Balance Due at End of Loan Term: Closing Fees: $453.00
Annual Fee: $60.00
Disclosures
| Year of Car | Term | Annual Percentage Rate (APR) | Down Payment | Payment (per $1,000) |
|---|---|---|---|---|
| 2014 | 24 mos. | 5.500% | 25% | $44.10 |
| 2014 | 36 mos. | 5.500% | 25% | $30.20 |
| 2015 | 24 mos. | 5.250% | 25% | $43.98 |
| 2015 | 36 mos. | 5.250% | 25% | $30.08 |
| 2016 | 24 mos. | 5.250% | 25% | $43.98 |
| 2016 | 36 mos. | 5.250% | 25% | $30.08 |
| 2017 | 24 mos. | 4.990% | 25% | $43.87 |
| 2017 | 36 mos. | 4.990% | 25% | $29.97 |
| 2017 | 48 mos. | 4.990% | 25% | $23.02 |
| 2018 | 24 mos. | 4.750% | 25% | $43.76 |
| 2018 | 36 mos. | 4.750% | 25% | $29.86 |
| 2018 | 48 mos. | 4.750% | 25% | $22.92 |
| 2018 | 60 mos. | 4.990% | 25% | $18.87 |
| 2020/2019 | 24 mos. | 4.250% | 15% | $43.54 |
| 2020/2019 | 36 mos. | 4.250% | 15% | $29.64 |
| 2020/2019 | 48 mos. | 4.250% | 15% | $22.69 |
| 2020/2019 | 60 mos. | 4.500% | 15% | $18.64 |
| 2020/2019 | 72 mos. | 4.750% | 15% | $15.99 |
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