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Current Rates

Home Equity Interest Rates from Canal Bank

Rates as of November 21, 2024

Monthly Fixed-Rate Loans

1st Lien

LTV 1st Lien

Term (Years)	80% LTV (1st Lien) Interest Rate	APR*	90% LTV (1st Lien) Interest Rate	APR*
3 to 5 Years	5.875%	5.875%	6.125%	6.125%
6 to 10 Years	6.125%	6.125%	6.250%	6.250%
11 to 15 Years	6.625%	6.625%	6.875%	6.875%

Payment Examples
80% CLTV 2nd Lien

Term (Years)	Amount Borrowed	Monthly Payment	Total Loan & Interest (80% LTV 1st Lien)
4	$10,000	$234.28	$11,245.30
8	$10,000	$132.02	$12,674.38
13	$10,000	$95.79	$14,942.41

Payment Examples
90% CLTV 2nd Lien

Term (Years)	Amount Borrowed	Monthly Payment	Total Loan & Interest (90% LTV 1st Lien)
4	$10,000	$235.42	$11,245.30
8	$10,000	$132.63	$12,674.38
13	$10,000	$97.13	$14,942.41

Monthly Fixed-Rate Loans

2nd Lien

CLTV 2nd Lien

Term (Years)	80% CLTV (2nd Lien) Interest Rate	APR*	90% CLTV (2nd Lien) Interest Rate	APR*
3 to 5 Years	6.250%	6.250%	6.750%	6.750%
6 to 10 Years	6.500%	6.500%	6.875%	6.875%
11 to 15 Years	7.000%	7.000%	7.625%	7.625%

Payment Examples
80% CLTV 2nd Lien

Term (Years)	Amount Borrowed	Monthly Payment	Total Loan & Interest (80% LTV 1st Lien)
4	$10,000	$236.00	$11,327.89
8	$10,000	$133.86	$12,850.82
13	$10,000	$97.81	$15,257.55

Payment Examples
90% CLTV 2nd Lien

Term (Years)	Amount Borrowed	Monthly Payment	Total Loan & Interest (90% LTV 1st Lien)
4	$10,000	$238.30	$11,438.66
8	$10,000	$135.72	$13,028.61
13	$10,000	$101.23	$15,790.71

Bi-Weekly Fixed-Rate Loans

1st Lien

LTV 1st Lien

Term (Years)	80% LTV (1st Lien) Interest Rate	APR*	90% LTV (1st Lien) Interest Rate	APR*
3 to 5 Years	5.625%	5.625%	5.875%	5.875%
6 to 10 Years	5.875%	5.875%	6.000%	6.000%
11 to 15 Years	6.375%	6.375%	6.625%	6.625%

Payment Examples
80% LTV 1st Lien

Term (Years)	Amount Borrowed	Bi-Weekly Payment	Total Loan & Interest
4	$10,000	$116.57	$11,073.56
8	$10,000	$65.40	$12,282.48
13	$10,000	$47.23	$14,121.51

Payment Examples
90% LTV 1st Lien

Term (Years)	Amount Borrowed	Bi-Weekly Payment	Total Loan & Interest
4	$10,000	$117.14	$11,122.34
8	$10,000	$65.71	$12,332.95
13	$10,000	$47.89	$14,290.88

Bi-Weekly Fixed-Rate Loans

2nd Lien

CLTV 2nd Lien

Term (Years)	80% CLTV (2nd Lien) Interest Rate	APR*	90% CLTV (2nd Lien) Interest Rate	APR*
3 to 5 Years	6.000%	6.000%	6.500%	6.500%
6 to 10 Years	6.250%	6.250%	6.625%	6.625%
11 to 15 Years	6.750%	6.750%	7.375%	7.375%

Payment Examples
80% CLTV 2nd Lien

Term (Years)	Amount Borrowed	Bi-Weekly Payment	Total Loan & Interest
4	$10,000	$117.43	$11,146.76
8	$10,000	$66.32	$12,434.06
13	$10,000	$48.23	$14,375.64

Payment Examples
90% CLTV 2nd Lien

Term (Years)	Amount Borrowed	Bi-Weekly Payment	Total Loan & Interest
4	$10,000	$118.57	$11,244.65
8	$10,000	$67.24	$12,586.18
13	$10,000	$49.93	$14,800.19

Adjustable Rate Line of Credit

Loan Type	APR*
Flex+	7.75%**

*APR = Annual Percentage Rate
**The Daily Periodic Rate and its corresponding Annual Percentage Rate may change (increase or decrease) the day the Index changes. The lifetime cap is guaranteed not to exceed 16.0% APR, with a floor of 4.00% APR.
All loans require a collateral mortgage be filed. All loans subject to credit approval. Interest rates subject to change without notice. Automatic Payment required from a Canal Bank checking account on Bi-weekly Fixed-Rate Loans. APRs listed for Bi-Weekly Fixed-Rate Loans take into account a 0.25% reduction for Automatic Payment. Payments reflect the principal and interest only.
Homeowners hazard insurance required on all properties and flood insurance required on all properties in flood zones. For more information, please call us at (607) 737-3793 or toll-free at (800) 836-3711 and ask to speak with a Home Equity Specialist.

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Toll-free: 800-836-3711