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# Chicago Mortgage Rates

Buying a new home or refinancing and you're not sure which mortgage is best for you? At First American Bank, you can always talk to a live person by calling** (847) 586-2401 **during the business hours of **8:00 a.m. to 6:00 p.m. Central Time Monday through Friday (excluding federal holidays) or Saturday 8:00 a.m. to 1:00 p.m.** You can also stop by one of our 50 locations to speak with a personal banker.

Get Our No Risk Home Appraisal.

In today's economy, you may be concerned that your home's current value won't support a new mortgage, leaving you to bear the expense of the appraisal. So, before we order the full appraisal, we'll run your property through our automatic estimator. If it comes back with a high degree of confidence, we'll commit to reimburse you for the cost of the full appraisal if we're not able to complete the mortgage due to valuation. In other words, you'll know if you have the guarantee before you commit to the expense of a full appraisal. Contact us now for more information.

**Special Closing Costs Offer: For a limited time, we’ll pay $500 toward your closing costs when you sign up for automatic loan payments from your First American Bank checking account.(1) Hurry, offer ends February 28, 2017!**

**We welcome our new Florida customers!** If you are interested in a loan secured by collateral in Florida, please call us at (847) 586-2401 and we will be happy to assist you.

The following **Chicago mortgage rates** are real time refreshed and published multiple times per day.

Rates Effective: 2/9/2017. Rates and points are subject to change without notice.

FIXED CONVENTIONAL Loan-to-Value <75%> |
15 YEAR |
$30,000 - $424,100 |
3.1253.250 3.375 |
3.4663.464 3.499 |
1.5000.625 0.000 |
0.0000.000 0.000 |
$6.97$7.03 $7.09 |
$1,252 |

FIXED CONVENTIONAL Loan-to-Value <75%> |
20 YEAR |
$30,000 - $424,100 |
3.7503.875 4.000 |
3.9824.036 4.104 |
1.1250.500 0.000 |
0.0000.000 0.000 |
$5.93$5.99 $6.06 |
$1,252 |

FIXED CONVENTIONAL Loan-to-Value <75%> |
25 YEAR |
$30,000 - $424,100 |
3.8754.000 4.125 |
4.1194.160 4.213 |
1.6250.750 0.000 |
0.0000.000 0.000 |
$5.21$5.28 $5.35 |
$1,252 |

FIXED CONVENTIONAL Loan-to-Value <75%> |
30 YEAR |
$30,000 - $424,100 |
3.8754.000 4.125 |
4.0864.138 4.202 |
1.6250.750 0.000 |
0.0000.000 0.000 |
$4.70$4.77 $4.85 |
$1,252 |

FIXED FHA Loan-to-Value <96.5%> |
30 YEAR |
$30,000 - $365,700 |
3.750 |
4.879 |
0.000 |
0.000 |
$4.63 |
$1,262 |

FIXED JUMBO Loan-to-Value <70% |
15 YEAR |
$424,101 - $1,500,000 |
3.625 |
3.733 |
0.500 |
0.000 |
$7.21 |
$1,252 |

FIXED JUMBO Loan-to-Value <70% |
30 YEAR |
$424,101 - $1,500,000 |
4.000 |
4.061 |
0.500 |
0.000 |
$4.77 |
$1,252 |

FIXED Kankakee 15 year special Loan-to-Value <75%> |
15 YEAR |
$30,000 - $424,100 |
3.250 |
3.372 |
0.000 |
0.000 |
$7.03 |
$1,252 |

FIXED Kankakee 30 year special Loan-to-Value <80%> |
30 YEAR |
$30,000 - $424,100 |
4.000 |
4.075 |
0.000 |
0.000 |
$4.77 |
$1,294 |

ARM CONVENTIONAL Loan-to-Value <75%> |
3/1 YEAR |
$30,000 - $424,100 |
2.875 |
3.852 |
0.625 |
0.000 |
$4.15 |
$1,252 |

ARM CONVENTIONAL Loan-to-Value <75%> |
5/1 YEAR |
$30,000 - $424,100 |
2.875 |
3.687 |
0.375 |
0.000 |
$4.15 |
$1,252 |

ARM CONVENTIONAL Loan-to-Value <75%> |
7/1 YEAR |
$30,000 - $424,100 |
3.125 |
3.696 |
0.625 |
0.000 |
$4.28 |
$1,252 |

ARM JUMBO PORTFOLIO Loan-to-Value <70%> |
3/1 YEAR |
$424,101 - $1,000,000 |
3.375 |
3.685 |
0.000 |
0.000 |
$4.42 |
$1,252 |

ARM JUMBO PORTFOLIO Loan-to-Value <70%> |
5/1 YEAR |
$424,101 - $1,000,000 |
3.375 |
3.637 |
0.000 |
0.000 |
$4.42 |
$1,252 |

ARM JUMBO PORTFOLIO Loan-to-Value <70%> |
7/1 YEAR |
$424,101 - $1,000,000 |
3.750 |
3.769 |
0.000 |
0.000 |
$4.63 |
$1,252 |

ARM NON FAB JUMBO Loan-to-Value <70%> |
5/1 YEAR |
$424,101 - $1,500,000 |
3.750 |
3.607 |
0.000 |
0.000 |
$4.63 |
$1,252 |

ARM PORTFOLIO Loan-to-Value <75%> |
3/1 YEAR |
$30,000 - $424,100 |
3.375 |
3.720 |
0.000 |
0.000 |
$4.42 |
$1,252 |

ARM PORTFOLIO Loan-to-Value <75%> |
5/1 YEAR |
$30,000 - $424,100 |
3.375 |
3.672 |
0.000 |
0.000 |
$4.42 |
$1,252 |

ARM PORTFOLIO Loan-to-Value <75%> |
7/1 YEAR |
$30,000 - $424,100 |
3.750 |
3.804 |
0.000 |
0.000 |
$4.63 |
$1,252 |

Subject to credit approval. Standard rates apply. (1) **Special Offer: **$500 off your closing costs valid on applications received between 1/20/17 – 2/28/17. Loan must close by 4/30/17. Only available on 1-4 family home, owned individually, jointly, or through a living trust. Limited to residents of Miami-Dade, Broward, Collier, Monroe, & Palm Beach counties in Florida. Prior to closing you must set up an Automatic Funds Transfer (AFT) to make the monthly payment on your loan from a First American Bank checking account. Title fees, as part of the closing costs, will vary by county. May not be combined with other promotions. Please see a banker for details.

Additional Information

*Title fees, as part of the closing costs, will vary by county.

Offer for no risk appraisal is only available for single family homes and non-commercial customers.

Rates are subject to change at any time without notice. Quoted rates can be locked for 60 days and are based on the purchase/refinance of a single family home to be used as a primary residence. Rates and terms are not guaranteed until application is completed and rate is locked by a First American Bank mortgage loan representative. Rates and programs are subject to limitations. Call for program availability. All programs are fully amortized loans that require monthly payments of principal, interest, and any required escrow payments for the term of the loan. The above payments do not include amounts for taxes and insurance premiums. Therefore, the actual payment obligation will

be greater. The exact monthly payment of a loan will vary depending on the term of the loan, the amount and the Annual Percentage Rate (APR) at the time of loan approval. Available loan amounts range from $30,000 to $650,000. Please call for rate information on loan amounts not shown in the table.

**Conventional Loan APRs:** Are based on a loan amount of $175,000. We assume a 25% down payment with no Private Mortgage Insurance (PMI) and based on payment for the full term. APRs will vary due to the cost of PMI (if necessary), title company fees, loan points based on your credit score and actual loan amounts.

**Jumbo Loan APRs:** Are based on a loan amount of $500,000. We assume a 30% down payment with no Private Mortgage Insurance (PMI) and based on payment for the full term. APRs will vary due to the cost of PMI (if necessary), title company fees, loan points based on your credit score and actual loan amounts.

**Adjustable Rate Mortgage (ARM) Loan APRs:** Are based on a loan amount of $175,000 amortized for 30 years. The APRs shown are for the initial period and may increase after closing due to the movements of the interest rate index during the rate adjustment periods. Call for information regarding rate adjustment caps and margins.

Payment Stream Information

ARM Conventional 3/1 year (0.625 point option) - The first 36 months will be at a payment of $737.81 with a corresponding simple interest rate of 3.000%, the next 323 months will be at a payment of $827.04 with a corresponding simple interest rate of 4.00%, and the remaining 1 month will be at a payment of $825.29 with a corresponding simple interest rate of 4.00%. ARM Conventional 3/1 year (0.00 point option) - The first 36 months will be at a payment of $761.62 with a corresponding simple interest rate of 3.250%, the next 323 months will be at a payment of $829.24 with a corresponding simple interest rate of 4.00%, and the remaining 1 month will be at a payment of $828.30 with a corresponding simple interest rate of 4.00%. ARM Conventional 5/1 year (0.50 point option)- The first 60 months will be at a payment of $737.81 with a corresponding simple interest rate of 3.000%, the next 299 months will be at a payment of $821.25 with a corresponding simple interest rate of 4.000%, the remaining 1 month will be at a payment of $816.16 with a corresponding simple interest rate of 4.000%. ARM Conventional 5/1 year (0.00 points option) - The first 60 months will be at a payment of $761.62 with a corresponding simple interest rate of 3.250%, the next months will be at a payment of $824.94 with a corresponding simple interest rate of 4.00%, the remaining 1 month will be at a payment of $822.99 with a corresponding simple interest rate of 4.00%. ARM Conventional 7/1 year (0.375 point option) - The first 84 months will be at a payment of $761.62 with a corresponding simple interest rate of 3.25%, the next 275 months will be at a payment of $820.53 with a corresponding simple interest rate of 4.000%, the remaining 1 month will be at a payment of $816.13 with a corresponding simple interest rate of 4.000%. ARM Conventional 7/1 year (0.00 point option) - The first 84 months will be at a payment of $785.83 with a corresponding simple interest rate of 3.50%, the next 275 months will be at a payment of $825.63 with a corresponding simple interest rate of 4.000%, the remaining 1 month will be at a payment of $822.73 with a corresponding simple interest rate of 4.000%. ARM Jumbo Portfolio 3/1 year - The first 36 months will be at a payment of $2,210.49 with a corresponding simple interest rate of 3.375%, the next 323 months will be at a payment of $2306.85 with a corresponding simple interest rate of 3.750% the remaining 1 month will be at a payment of $2,306.33 with a corresponding simple interest rate of 3.75%. ARM Jumbo Portfolio 5/1 year - The first 60 months will be at a payment of $2,210.49 with a corresponding simple interest rate of 3.375%, the next 299 months will be at a payment of $2,300.82 with a corresponding simple interest rate of 3.75%, the remaining 1 month will be at a payment of $2,298.74 with a corresponding simple interest rate of 3.75%. ARM Jumbo Portfolio 7/1 year - The first 359 months will be a payment of $2,315.58 with a corresponding simple interest rate of 3.750%, the remaining 1 month will be at a payment of $2,314.33 with a corresponding simple interest rate of 3.75%. ARM Non FAB Jumbo 5/1 year - The first 60 months will be at a payment of $2,315.58 with a corresponding simple interest rate of 3.75%, the next 299 months will be at a payment of $2,254.75 with a corresponding simple interest rate of 3.500%, the remaining 1 month will be at a payment of $2,250.45 with a corresponding simple interest rate of 3.500%. ARM Portfolio 3/1 year (zero point option) - The first 36 months will be at a payment of $773.67 with a corresponding simple interest rate of 3.375%, the next 323 months will be at a payment of $807.40 with a corresponding simple interest rate of 3.750%, the remaining 1 month will be at a payment of $805.84 with a corresponding simple interest rate of 3.75%. ARM Portfolio 5/1 year (zero point option) - The first 60 months will be at a payment of $773.67 with a corresponding simple interest rate of 3.375%, the next 299 months will be at a payment of $805.29 with a corresponding simple interest rate of 3.75%, the remaining 1 month will be at a payment of $803.20 with a corresponding simple interest rate of 3.75%.

ARM Portfolio 7/1 year (zero point option) - The first 359 months will be at a payment of $810.46 with a corresponding simple interest rate of 3.75%, the remaining 1 month will be at a payment of $805.29 with a corresponding simple interest rate of 3.75%.

Subject to credit approval Member FDICCategory: American mortgage

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