Ameriana
Secure Account Login
Ask us now...Click to Email. Or call 800.487.2118
Mortgage

Time to Refinance Your Mortgage?

Given the right situation, refinancing your home mortgage can be the smartest financial decision you make this year.  Refinancing can help you:
 
·        Take advantage of a lower interest rate
·        Shorten, or lengthen, the duration of your loan
·        Lower your monthly payments
·        Get cash out to consolidate debt or make home improvements
·        Lock in a fixed interest rate
·        Save money in interest over the length of your mortgage loan
 

 

Your Current Mortgage Balance

Your Potential Interest Savings:1

With a .5% lower rate

With a 1% lower rate

With a 2% lower rate

$50,000 $2,2662  $4,5776  $9,33110 
$100,000 $4,5323  $9.1547 $18,66211
$150,000 $6,7984  $13,7328  $27,99312
$200,000 $9,0645  $18,3079 $37,32413
 
 
To see if a refinance is right for you, simply contact an Ameriana Mortgage Loan Officer or even apply online.  You can count on our helpful tools – and tireless loan officers – for a simple, stress free experience.

 

1Advertised interest savings based on a 180 month term with a fee of $757.  Savings calculated over the life of the loan.

2From 4.375%APY/4.60%APR with payment of $379.31 to 3.875%APY/4.097%APR and payment of $366.72.

3From 4.375%APY/4.488%APR with payment of $758.62 to 3.875%APY/3.986%APR and payment of $733.44.

4From 4.375%APY/4.45%APR with payment of $1,137.93 to 3.875%APY/3.949%APR and payment of $1,100.16.

5From 4.375%APY/4.431%APR with payment of $1,517.24 to 3.875%APY/3.931%APR and payment of $1,466.88.

6From 4.875%APY/5.103%APR with payment of $392.15 to 3.875%APY/4.097%APR and payment of $366.72.

7From 4.875%APY/4.989%APR with payment of $784.30 to 3.875%APY/3.986%APR and payment of $733.44. 

8From 4.875%APY/4.951%APR with payment of $1,176.45 to 3.875%APY/3.949%APR and payment of $1,100.16.

9From 4.875%APY/4.932%APR with payment of $1,568.99 to 3.875%APY/3.931%APR and payment of $1,466.88.

10From 5.875%APY/6.11%APR with payment of $418.56 to 3.875%APY/4.097%APR and payment of $366.72.

11From 5.875%APY/5.99%APR with payment of $837.12 to 3.875%APY/3.986%APR and payment of $733.44.

12From 5.875%APY/5.953%APR with payment of $1,255.68 to 3.875%APY/3.949%APR and payment of $1,100.16.

13From 5.875%APY/5.934%APR with payment of $1,674.24 to 3.875%APY/3.931%APR and payment of $1,466.88.

Ameriana Bancorp  |  Media Room  |  Careers  |  Privacy & Security  |  Site Map

Ameriana Bancorp. All rights reserved.Equal Housing Lender
  |  Consumer SAFE Act   
Member FDIC
  •  - Special Services
  •  - Letter from Jerry
  •  - Some good news about your money.