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Equity line balance lock in rate usbank6/11/2023 Eligibility is subject to RBC Bank Lending Guidelines and additional terms and conditions apply. To qualify, a full and complete RBC Bank Home Equity Line of Credit application must be submitted by October 31 st, 2023 and fund within 120 days of the application date. Offer period is 01/01/20 through 10/31/23 and may be withdrawn or changed at any time without notice. Rates subject to increase after consummation. This could increase the monthly payment and the interest rate. If the down payment is less than 20%, mortgage insurance may be needed on the loan. Rates and payments are subject to increase after initial fixed period of loan. ![]() Example: 10-Year ARM calculation assumes a $250,000 loan amount, 4.500% interest rate, 4.455% APR, with 20% down payment, amortized over 360 months = $1,266.71 monthly payment. Example: 7-Year ARM calculation assumes a $250,000 loan amount, 4.375% interest rate, 4.699% APR, with 20% down payment, amortized over 360 months = $1,248.21 monthly payment. ![]() Example: 5-Year ARM calculation assumes a $250,000 loan amount, 4.125% interest rate, 4.679% APR, with 20% down payment, amortized over 360 months = $1,211.62 monthly payment. Example: 3-Year Adjustable Rate Mortgage (ARM) calculation assumes a $250,000 loan amount, 4.000% interest rate, 4.764% APR, with 20% down payment, amortized over 360 months = $1,193.54 monthly payment. 3, 5, 7, or 10-year term refers to the period of time the interest rate is set at the beginning of the loan period which is 30 years (360 months) after the initial fixed rate term, the interest rate will adjust annually.
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