Account Terms and Conditions
(1) A $40,000 fixed-rate loan with a 10-year term and an annual percentage rate (APR) of 6.74% will require a monthly principal and interest payment of $459.24. A $50,000 fixed-rate loan with a 25-year term and an APR of 6.99% will require a monthly principal and interest payment of $353.26. Rate subject to increase if monthly payments are not automatically debited from a River City Bank checking account. This is not an offer for extension of credit or a commitment to lend and is subject to change without notice. There may be fees involved if you are paying off an existing lien on the property. If you close your account during the first two (2) years after the opening date, a prepayment penalty of $500 or six (6) months interest on 80% of the original principal amount, whichever is less, may be charged. Borrower may have to pay certain fees to third parties such as appraisers, title insurance companies and government agencies for loan amounts greater then $250,000 or when there is a payoff of an existing lien on the property. Certain restrictions may apply. Programs subject to change.