EquityBuilder
Grow the equity in your home faster with a lower interest rate and shorter loan term.
Question:
Question:
Are you looking for an affordable way to grow the equity in your home at a faster rate but don’t have a lot of (or any) money to put down?
QUICK
FACTS
Minimum Credit Score:
680
Minimum Down Payment:
0%
Max Debt-to-Income:
43%
Max Loan Amount:
$975,000
Primary Residences
QUICK
FACTS
Minimum Credit Score:
680
Minimum Down Payment:
0%
Max Debt-to-Income:
43%
Max Loan Amount:
$975,000
Available for:
| Primary Residences |
See the advantages of EquityBuilder
Grow the equity in your home faster with a low interest rate and shorter term loan. After 10 years, you’ll have more than doubled the paid-in-equity with EquityBuilder.
| EquityBuilder 15 year fixed |
Conventional 30 year fixed |
|
|---|---|---|
| Purchase Price | $200,000 | $200,000 |
| Down Payment | 0% | 3% |
| Loan Amount | $200,000 | $194,000 |
| Interest Rate / APR | 3.00% / 3.39% | 4.25% / 4.49% |
| Monthly Payment | $1,388 | $959 |
| Cash-to-Close | $8,750 | $15,880 |
| Paid-in-equity after 5 years | $56,964 | $23,833 |
| Paid-in-equity after 10 years | $123,135 | $45,880 |
How much more equity?
+$33,131
+$77,255
How much more equity?
+$33,131 after 5 years
+$77,255 after 10 years
Payment amounts do not include taxes and insurance premiums, the actual payment amount will be greater. Conventional 30 Year Fixed: Requires 360 monthly principal and interest payments. EquityBuilder 15 Year Fixed: Requires 180 monthly principal and interest payments. The above example is for illustration purposes only.
Amortization Options:
After 10 years, you’ll more than double the paid-in-equity with EquityBuilder.
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801.810.6503
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EquityBuilder is available in the following States: Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kentucky, Massachusetts, Michigan, New Jersey, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington
Why Choose 
at Northpointe Bank?
The answer is clear:
More Options. Better Pricing. Period.
Join the many satisfied Utahns who’ve gotten their mortgage loan for their dream home through Team 101 at Northpointe Bank.
Rated 4.9 out of 5
Rated 4.9 out of 5
Based on 466 customer reviews
Based on 466 customer reviews
