Home Equity Loan Rates

 Home Equity Loan - 5, 7, 10 year

Loan Amount 5 Year   7 Year   10 Year  
  Rate/ APR Min. Loan Amt. Payment Rate/ APR Min. Loan Amt. Payment Rate/ APR Min. Loan Amt. Payment
$10,000 - $24,999 4.49% $186.38 4.875% $140.75 4.99% $106.02
$25,000 - $49,999 4.25% $463.24 4.50% $347.50 4.50% $259.10
$50,000 - $500,000 4.125% $923.65 4.25% $689.21 4.375% $515.18


Home Equity Loan - 15, 20 year

Loan Amount 15 Year   20 Year  
  Rate/ APR Min. Loan Amt. Payment Rate/ APR Min. Loan Amt. Payment
$10,000 - $24,999 N/A N/A N/A N/A
$25,000 - $49,999 4.74% $194.33 4.79% $162.10
$50,000 - $500,000 4.74% $388.66 4.79% $324.24

 

Home Equity Loans

*Rates and terms effective Rates shown are for 2nd mortgage loans. Call for current rates if the home equity loan will be the only mortgage on the property. Equity Credit Loans are available only for 1-2 family owner-occupied properties and approved condominiums located in Connecticut, Massachusetts, Maine, Vermont, New Hampshire and Westchester, Rockland, Nassau, Suffolk, Putnam, Dutchess, Orange, Ulster and Sullivan counties of NY and in the NY City boroughs of Bronx, Kings (Brooklyn), New York (Manhattan), Queens and Richmond (Staten Island) and are not available on cooperatives or properties listed for sale. The Home Equity loan is not a revolving line of credit, but a term loan, which will result in a mortgage on the home. If you close your account within three (3) years after the date of your Note, you must pay a prepayment fee of $500. If the Note is secured by property located in the State of New York, borrower(s) must also pay People’s United Bank back the mortgage tax paid by People’s United at the time of the origination of the Note. If you close your account after the third anniversary of the date of your Note, there will be no prepayment fee. Consult your tax advisor regarding the deductibility of interest.