Fixed Rate Mortgage
Please call 800-273-3406 for rates on properties outside NJ.
| Account | Interest Rate | APR |
Points Paid |
Months | Monthly Payment per $1,000 | Additional Information |
|---|---|---|---|---|---|---|
| 15 Year Fixed Rate | 6.500% | 6.696% | 0 | 180 | $8.71 | APR based on a $300,000 loan amount. Purchase/Owner-Occupied, 75% LTV, minimum credit score 740. Maximum debt to income (DTI) 40%. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. |
| 20 Year Fixed Rate | 6.625% | 6.784% | 0 | 240 | $7.53 | APR based on a $300,000 loan amount. Purchase/Owner-Occupied, 75% LTV, minimum credit score 740. Maximum debt to income (DTI) 40%. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. |
| 30 Year Fixed Rate | 6.990% | 7.117% | 0 | 360 | $6.65 | APR based on a $300,000 loan amount. Purchase/Owner-Occupied, 75% LTV, minimum credit score 740. Maximum debt to income (DTI) 40%. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. |
Note: Quoted rates for owner-occupied single family primary residences and include a 60 day rate lock. All interest rates are for NJ properties only and are subject to change without notice. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. Subject to credit approval. Other terms and conditions may apply. Annual Percentage Rate (APR) listed are as of 12/01/2023. See Truth in Lending Disclosure below for additional information.
Adjustable Rate Mortgage
Please call 800-273-3406 for rates on properties outside NJ.
| Account | Interest Rate | APR | Points Paid | Months | Monthly Payment per $1,000 | Additional Information |
|---|---|---|---|---|---|---|
| 5/6/30 Adjustable Rate | 7.125% | 7.838% | 0 | 360 | $6.74 (first 60 monthly payments) | 2.75% Margin – 2/1/5 Caps, $647,000 Max., 1-4 Family Owner-Occupied, 95% Max LTV, PMI Required with less than 20% down. 60 payments of $2,021.16, 299 @ $2,205.92, 1 final payment of $2,205.40. Example based on $300,000 loan amount at an interest rate of 7.125% for the initial 60-month period, and a rate of 8.125% after the initial period. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. |
| 7/6/30 Adjustable Rate | 7.250% | 7.785% | 0 | 360 | $6.82 (first 84 monthly payments) | 2.75% Margin – 5/1/5 Caps, $647,000 Max., 1-4 Family Owner-Occupied, 95% Max LTV, PMI Required with less than 20% down. 84 payments of $2,046.53, 275 @ $2,200.19, 1 final payment of $2,196.60. Example based on $300,000 loan amount at an interest rate of 7.250% for the initial 84-month period, and a rate of 8.125% after the initial period. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. |
Note: The Annual Percentage Rate (APR) is variable and may increase after consummation. All interest rates are for NJ properties only and are subject to change without notice. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. Subject to credit approval. Annual Percentage Rate (APR) listed are as of 12/01/2023. See Truth in Lending Disclosure below for additional information.
Fixed Rate Home Equity Loan
Fixed Rate Home Equity Loans - All interest rates are for NJ properties only and are subject to change without notice.
| Account | Interest Rate | APR | Months | Additional Information | Monthly Payment per $1,000 |
|---|---|---|---|---|---|
| 10 Years Fixed Rate Equity | 8.000% | 8.172% | 120 | $5,000 Min, $500,000 Max, 80% Max LTV, 1-4 Family Owner Occupied. Disclosed APR is an example based on a $250,000 loan amount. A $195 Commitment Fee will apply. NO APPLICATION FEES. An appraisal fee of $300.00 is required for loan amounts in excess of $250,000. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. Subject to credit approval. | $12.13 |
| 15 Years Fixed Rate Equity | 8.125% | 8.251% | 180 | $5,000 Min, $500,000 Max, 80% Max LTV, 1-4 Family Owner Occupied. Disclosed APR is an example based on a $250,000 loan amount. A $195 Commitment Fee will apply. NO APPLICATION FEES. An appraisal fee of $300.00 is required for loan amounts in excess of $250,000. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. Subject to credit approval. | $9.63 |
| 20 Year Fixed Rate Equity | 8.250% | 8.355% | 240 | $5,000 Min, $500,000 Max, 80% Max LTV, 1-4 Family Owner Occupied. Disclosed APR is an example based on a $250,000 loan amount. A $195 Commitment Fee will apply. NO APPLICATION FEES. An appraisal fee of $300.00 is required for loan amounts in excess of $250,000. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. Subject to credit approval. | $8.52 |
Note: Current rates are for new home equity loan/line clients only. Minimum amount for new loans/lines is $5,000. For refinance of existing Kearny Bank loans, a minimum increase of $10,000 must be requested, or the loan must have been opened for a period of one year prior to the date of application. Annual Percentage Rate (APR) listed are as of 12/01/2023.
Home Equity Lines of Credit
Home Equity Lines of Credit - All interest rates are for NJ properties only and are subject to change without notice.
| Account | Interest Rate | APR | Months | Additional Information |
|---|---|---|---|---|
| 15 Year Fixed Rate Credit Line | 8.750% | 8.750% | 180 | $5,000 Min, $500,000 Max, 80% LTV, 1-4 Family Owner Occupied. A $195 Commitment Fee will apply. NO APPLICATION FEE. An appraisal fee of $300.00 is required for loan amounts in excess of $250,000. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. Homeowners insurance is required; flood insurance is required where necessary. Subject to credit approval. |
| 15 Year Revolving Credit Line (variable) | 8.500% | 8.500% | 180 | $5,000 Min, $500,000 Max, 75% LTV, 1-4 Family Owner Occupied, Prime Rate plus 0.00%, maximum rate is 18.00% (ceiling rate), minimum rate is 8.50% (floor/start rate). A $195 Commitment Fee will apply. NO APPLICATION FEE. An appraisal fee of $300.00 is required for loan amounts in excess of $250,000. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater. Homeowners insurance is required; flood insurance is required where necessary. Subject to credit approval. |
Note: Current rates are for new home equity loan/line clients only. Minimum amount for new loans/lines is $5,000. For refinance of existing Kearny Bank loans, a minimum increase of $10,000 must be requested, or the loan must have been opened for a period of one year prior to the date of application. Annual Percentage Rate (APR) listed are as of 12/01/2023. Rates are subject to change at any time without notice.
Truth In Lending Disclosure
- Rates are subject to change at any time without notice. Points are costs paid in lowering a loan's rate of interest and/or to pay any loan origination costs. 1 point is equal to 1% of the loan amount.
- A Fixed Rate Mortgage is a mortgage that may have a fixed principal and interest payment up to a maximum of 30 years or 360 payments. Monthly principal and interest payments do not include Real Estate Taxes, Homeowners/Flood Insurance or Private Mortgage Insurance (PMI) for down payments that are less than 20% of the purchase price.
- APR represents the "Annual Percentage Rate".
- An Adjustable Rate Mortgage (ARM) is a mortgage that starts at a rate of interest that is usually lower than a Fixed Rate Mortgage. This loan will re-price after an introductory period to a rate that takes into account a preselected index. The most commonly used index is the weekly average yield on United States Treasury Securities adjusted to a constant maturity of one (1) year, as reported by The Federal Reserve Board. To this index, the borrower's pre-determined margin is added, then rounded to the nearest 1/8th of a percent, to arrive at the new mortgage loan interest rate for the next rate period based upon the terms of your promissory note. This is the most common type of adjustable rate mortgage offered. Monthly principal and interest payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater.
- Payment shown is cost per $1,000 borrowed.