<title>Lending Rates | First National Bank of LI</title>

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Savings Accounts

Personal Statement Savings 
Minimum to Open is $50.00. Fees may reduce earnings on the account. Minimum Collected Balance To Receive Interest is $500. 
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K Savings 
Minimum to Open is $10.00. Fees may reduce earnings on the account. Minimum Collected Balance To Receive Interest is $500. 
 
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Business Statement Savings 
Minimum to Open is $50.00. Fees may reduce earnings on the account.

Money Market Accounts

Minimum to Open is $50.00. Fees may reduce earnings on the account. Minimum Collected Balance To Receive Interest is $500.

Certificates of Deposit (CDs)

Minimum to open is $500.00. Early withdrawal penalties may apply.

Fixed Rate Residential Mortgages

Based on the table, the following disclosures would go into the separate pop up window: 
 
Fixed rate mortgage products 
 
*The Annual Percentage Rate (APR) is based on a $100,000 loan amount, zero points and a down payment of 20%. The rate lock period is 75 days. Advertised rate is based on a credit score of 700. It does not include insurance and taxes; actual payment amounts may be higher. Escrow account may be required. This offer is valid for the purchase of a primary residence including 1 – 4 family, condominium or co-operative apartments. Rates and terms are effective as of November 06, 2020 and are subject to change without notice. This offer is subject to credit approval. 
 
If we are going to promote the $2,500 credit towards closing cost the following must be added: 
 
$2,500 closing cost credit is for Purchase Transactions for New Loans Only, requires automatic payments from a FNBLI checking account and applies to loan amounts up to $1,500,000 


10 year fixed at a 2.625% interest rate, the APR for this loan type is 3.013%. The monthly payment schedule would be: 
<ul><li>119 payments of $948.39 at an interest rate of 2.625%</li><li>1 payment of $948.81 at an interest rate of 2.625%</li></ul>
15 year fixed at a 2.750% interest rate, the APR for this loan type is 3.017%. The monthly payment schedule would be: 
<ul><li>179 payments of $678.62 at an interest rate of 2.750%</li><li>1 payment of $678.93 at an interest rate of 2.750%</li></ul>
20 year fixed at a 2.875% interest rate, the APR for this loan type is 3.082%. The monthly payment schedule would be: 
<ul><li>239 payments of $548.36 at an interest rate of 2.875%</li><li>1 payment of $548.63 at an interest rate of 2.875%</li></ul>
30 year fixed at a 3.000% interest rate, the APR for this loan type is 3.147%. The monthly payment schedule would be:<ul><li>359 payments of $421.60 at an interest rate of 3.000%</li><li>1 payment of $423.06 at an interest rate of 3.000%</li></ul>

Adjustable Rate Mortgages

*The Annual Percentage Rate (APR) is based on a $100,000 loan amount, zero points and a down payment of 20%. The rate lock period is 75 days. Advertised rate is based on a credit score of 700. Rate is variable and may increase after Consummation. It does not include insurance and taxes; actual payment amounts may be higher. This offer is valid for the purchase of a primary residence including 1 – 4 family, condominium or co-operative apartments. Rates and terms are effective as of November 06, 2020 and are subject to change without notice. This offer is subject to credit approval. 
 
$2,500 closing cost credit is for New Loans Only, requires automatic payments from a FNBLI checking account and applies to loan amounts up to $1,500,000 
 
5/1 ARM with a 2.375% initial interest rate, the APR for this loan type is 2.847%. The monthly payment schedule would be: 
 
<ul>
<li>60 payments of $388.65 at an interest rate of 2.375%</li><li>299 payments of $410.96 at an interest rate of 2.875%</li><li>1 payment of $410.86 at an interest rate of 2.875%</li></ul>
 
7/1 ARM with a 2.500% initial interest rate, the APR for this loan type is 2.848%. The monthly payment schedule would be: 
 
<ul>
<li>84 payments of $395.12 at an interest rate of 2.500%</li><li>275 payments of $410.75 at an interest rate of 2.8750%</li><li>1 payment of $409.91 at an interest rate of 2.875%</li></ul>
 
10/1 ARM with a 2.750% initial interest rate, the APR for this loan type is 2.945%. The monthly payment schedule would be: 
 
<ul>
<li>120 payments of $408.24 at an interest rate of 2.750%</li><li>239 payments of $412.91 at an interest rate of 2.875%</li><li>1 payment of $412.02 at an interest rate of 2.875%</li></ul>

Home Equity Loans

Home Equity Loans 

*The Annual Percentage Rate (APR) is based on a $100,000 loan amount, and a combined LTV of 75%. Advertised rate is based on a credit score of 700. Rate is variable and may increase after Consummation. This offer is valid for a second lien position on a primary residence in Nassau or Suffolk County, NY including 1 – 4 family, or condominium or co-operative apartments where FNBLI is in First lien position. The minimum/maximum loan amounts $25,000/$250,000 Maximum Combined LTV is 75%. Rates and terms are effective as of November 06, 2020 and are subject to change without notice. Insurance must be carried on the real property securing the account, and flood insurance must be carried if the structure on the real property is located in a special flood hazard area. This offer is subject to credit approval. 

New Loans Only. Closing costs will be paid by The Bank, but the borrower is responsible for third-party fees if the loan is satisfied and closed within three (3) years. Third-party fees generally range from $1,734.93 to $5,590.16. 

5-year Home Equity at a 5.750% interest rate, the APR for this loan type is 5.750%. The monthly payment schedule would be: 


<ul>
<li>59 payments of $1,921.68 at an interest rate of 5.750%</li><li>1 payment of $1,921.79 at an interest rate of 5.750%</li></ul>

10-year Home Equity at a 5.990% interest rate, the APR for this loan type is 5.990%. The monthly payment schedule would be: 


<ul>
<li>119 payments of $1,109.70 at an interest rate of 5.990%</li><li>1 payment of $1,110.03 at an interest rate of 5.990%</li></ul>

15-year Home Equity at a 6.500% interest rate, the APR for this loan type is 6.500%. The monthly payment schedule would be: 


<ul>
<li>179 payments of $871.11 at an interest rate of 6.500%</li><li>1 payment of $870.65 at an interest rate of 6.500%</li></ul>
 
 
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Home Equity Line of Credit 
 
Introductory Rate of 1.99% APR for 12 months, Prime thereafter 
 
Note the above HELOC rate must all be disclosed in the same size and in close proximity. 
 
*Terms and Conditions apply. New Loans Only. The Annual Percentage Rate (APR) is fixed for the first 12 months and subsequently a variable interest rate, equal to the highest Prime Rate as published in the Wall Street Journal which was 3.25% on 11/06/2020. To obtain this rate you are required to maintain a checking account with The Bank and to make required automatic monthly payments. Without automatic payments from your checking account or if terminate for any reason, the rate will increase by .25%. Rates and terms are subject to change without notice. The maximum APR that can apply is 24.90%. Closing costs will be paid by The Bank, but the borrower is responsible for third-party fees if the loan is satisfied and closed within three (3) years with an initial draw of $25,000.00. Third-party fees generally range from $1,734.93 to $5,590.16. This Home Equity Line Of Credit will be secured by a mortgage on your primary 1-4 family or condominium residence. This offer may be available on a cooperative unit in a first lien mortgage position or behind the Bank’s first lien mortgage position. This offer is based on an estimate of a Nassau/Suffolk property. Insurance must be carried on the real property securing the account, and flood insurance must be carried if the structure on the real property is located in a special flood hazard area. Subject to credit approval. Minimum/maximum line amount $25,000/$500,000. Maximum Combined LTV of 70%.

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