Savings & Retirement Calculators
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Take advantage of opportunities with a low-rate loan

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.

Home Equity Loan Rates

Rates Effective: 11.15.19
Rates and points are subject to change without notice.
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 80.00. 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 80.00. 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 80.00. 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%

HELOC Rates

Rates Effective: 11.15.19
Rates and points are subject to change without notice.
Product Rate APR
Home Equity Line of Credit
Terms and Conditions
4.750%4.750%
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 80.00. 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.

    Interest Rate/APR: Prime Rate published in the Money Rates section of the Wall Street Journal. + 0.000% (currently 4.750%), 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
    Auto Loan Rates

    Rates Effective: 11.15.19
    Subject to credit approval.
    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