Personal Banking Loan Rates*
Use the links below to browse our interest rates and Annual Percentage Rates (APRs).
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Mortgage Rates
Effective May 17, 2012 |
Term
(# payments) | Min. to Max. Interest Rate1,2 | Min. to Max. APR2 | Min. to Max. Monthly Payments3 |
Conventional Fixed Rate Mortgages (not exceeding $417,000) |
30-Year (360) 20-Year (240) 15-Year (180) 10-Year (120) | 3.875% – 5.250% 3.875% – 5.250% 3.125% – 4.500% 3.000% – 4.375% | 3.969% – 5.374% 4.006% – 5.418% 3.290% – 4.709% 3.240% – 4.674% | $475.64 – $559.93 $606.31 – $683.28 $704.62 – $775.70 $976.71– $1,044.79 |
Jumbo Fixed Rate Mortgages4 (exceeding $417,000) |
30-Year (360) 20-Year (240) 15-Year (180) 10-Year (120) | 4.375% – 5.750% 4.375% – 5.750% 3.875% – 5.000% 3.875% – 5.250% | 4.388% – 5.787% 4.393% – 5.800% 3.897% – 5.061% 3.907% – 5.338% | $4,250.42 – $4,980.36 $5,328.47 – $5,991.76 $6,243.77 – $6,748.83 $8,568.52 – $9,156.54 |
Conventional Adjustable Rate Mortgage4 (not exceeding $417,000) |
5/1 (360)5 | 3.000% – 4.375% | 3.090% – 4.493% | $426.45 – $506.28 |
Jumbo Adjustable Rate Mortgage4 (exceeding $417,000) |
5/1 (360)5 | 3.500% – 4.875% | 3.512% – 4.910% | $3,822.72 – $4,516.40 |
Call 800-241-1749 or visit your nearest branch to apply today. |
1 Rates are subject to change without notice.
2 Property insurance required. Subject to credit approval. Annual Percentage Rate (APR) and monthly payment examples based on owner-occupied property, 20% down payment, 0 points, and a loan amount of $100,000 with prepaid finance charges of $1,150 but not other closing costs. Private Mortgage Insurance (PMI) is required for down payments of less than 20% and could increase your monthly payment and APR. For Jumbo programs, the APR and monthly payment examples are based on owner-occupied property, 20% down payment, 0 points, and a loan amount of $850,000 with prepaid finance charges of $1,300 but not other closing costs.
3 Payment amounts do not include amounts for taxes and insurance, and the actual payment obligation will be greater.
4 Property insurance required. Subject to credit approval. For ARM programs, the initial rate, APR, and payment are based on a rate discount with a term of 5 years. Subsequent APRs are based on an index (1-Year LIBOR) plus a margin. The rate, APR, and payment amount may increase after loan closing. ARMs assume a 30-year term, 5 of which are at a discounted rate. Caps represent the initial reset, subsequent annual and lifetime limits on rate increases. Maximum APRs determined by the following price adjustments: interest rate plus 0.500 for LTVs > 70% plus 0.500 for cash plus 0.500 for condo units or 2–4 units plus 0.250 for subordinate financing plus 0.250 points for no escrow.
5 Adjustable rate mortgages have a cap of 5/2/5 and a margin of 2.25.
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EquiFlexSM Home Equity Line Rates
Effective May 17, 2012 |
Up To and Including 75% Loan-to-Value |
Amount1 | Interest Rate | APR2 |
$5,000 $50,000 >$100,000 | 
| Prime+0.50 to Prime+2.50 Prime+0.25 to Prime+2.25 Prime to Prime+0.50 | 3.50 – 5.75 3.50 – 5.50 3.50 – 4.00 |
75.05% to 80% Loan-to-Value |
$5,000 $50,000 >$100,000 | | Prime+0.50 to Prime+1.25 Prime+0.25 to Prime+1.00 Prime to Prime+0.50 | 3.50 – 4.75 3.50 – 4.75 3.50 – 4.75 |
80.01% to 85% Loan-to-Value |
$5,000 $50,000 >$100,000 | | Prime+1.50 Prime+1.25 Prime+1.00 | 3.50 3.50 3.50 |
Apply online, call 800-241-1749, or visit your nearest branch to apply today. |
1 An annual fee of $50 applies in Illinois and Indiana. An annual fee of $15 applies in Iowa. Change in terms fee of $100 and subordination fee of $200 applies to all EquiFlexSM Home Equity Lines. Minimum lock amount of $5,000. Minimum lock term of 36 months and maximum lock term equal to remaining term of line. $50 fee to lock and unlock applies. Owner occupied properties only. Property insurance required.
2 APR based on your loan-to-value (LTV), your approved line amount, and credit criteria, and will range from a variable APR of Prime+0.00 to Prime+2.50, subject to change with Prime. As of today, the Prime Rate is 3.25%, which results in an APR of 4.75% to 5.75% on your new EquiFlexSM Home Equity Line. The "floor" is 4.75%, and the "ceiling" is 18%. No discount rate programs or promotions apply. Rates are variable and may increase after consummation.
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Home Equity Loan Rates
Effective May 17, 2012 |
Up To and Including 75% Loan-to-Value |
Amount | $5,000 | $50,000 | >$100,000 |
Term (Months) | Interest Rate/APR2 | Interest Rate/APR2 | Interest Rate/APR2 |
60 120 180 | 
| 5.49 – 6.99 5.99 – 7.49 6.49 – 7.94 | 5.39 – 6.99 5.89 – 7.49 6.39 – 7.94 | 5.29 – 6.74 5.79 – 7.24 6.29 – 7.74 |
75.01% to 80% Loan-to-Value |
60 120 180 | | 5.49 – 6.24 5.99 – 6.74 6.49 – 7.24 | 5.39 – 6.14 5.89 – 6.64 6.39 – 7.14 | 5.29 – 6.04 5.79 – 6.54 6.29 – 7.04 |
80.01% to 85% Loan-to-Value |
60 120 180 | | 5.99 6.49 7.24 | 5.89 6.39 7.14 | 5.74 6.24 6.99 |
Apply online, call 800-241-1749, or visit your nearest branch to apply today. |
1 Based on county of residence: appraisal fees range from $14 to $1,000; title search ranges from $35 to $150; flood certification ranges from $6 to $20; and recording fees range from $45 to $99. Tax monitoring services are $75. Loans >$250,000 incur a one-time, flat $305 fee plus $50 per hundred-thousand over $200,000. Property insurance required. Rates and APRs based on owner-occupied property.
2 APR based on hypothetical loan amounts of $10,000, $55,000, and $100,000 respectively. Personal Banking clients with one of the following checking accounts – Club, Club 50, Choice, Direct Pay, Direct Pay Plus or automatic debits from any First Midwest Checking account – should contact their First Midwest Banker to discuss rate discount eligibility.
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Home Equity Loan Payment Examples
Examples1 | 5-Year Term | 15-Year Term |
Loan Amount APR # Monthly Payments Principal and Interest | $50,000 7.14% 60 $993 | $50,000 8.14% 180 $482 |
1 Assumes 80% loan-to-value (LTV) and equal payments of 60 months or 180 months with a 7.14% and 8.14% Annual Percentage Rate (APR) respectively.
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Auto Loan Rates
Effective May 17, 2011 |
2012 and Newer Vehicles |
Term (Months) | Interest Rate | APR1 |
72 66 60 48 36 | 7.25 – 11.00 6.75 – 10.50 4.99 – 8.39 3.50 – 6.90 3.50 – 6.90 | 7.61 – 11.37 7.13 – 10.90 5.40 – 8.81 3.50 – 7.41 3.50 – 7.57 |
Used 2011 – 2007 Vehicles2 |
66 60 48 36 | 6.75 – 10.60 4.99 – 8.49 3.50 – 7.00 3.50 – 7.00 | 7.13 – 11.00 5.40 – 8.91 3.50 – 7.51 3.50 – 7.67 |
Used 2006 and Older Vehicles2 |
48 36 | 7.73 – 13.58 7.73 – 13.58 | 8.25 – 14.12 8.41 – 14.28 |
| Call 800-241-1749 or visit your nearest branch to apply today. |
1 APR based on hypothetical loan amount of $10,000 with $100 loan documentation fee. Personal Banking clients with one of the following checking accounts – Club, Club 50, Choice, Direct Pay, Direct Pay Plus or automatic debits from any First Midwest Checking account – should contact their First Midwest Banker to discuss rate discount eligibility. Auto insurance required.
2 Mileage cap of 100,000 miles on all used vehicles.
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Auto Loan Payment Examples
Examples1 | New Vehicle | Used Vehicle |
New Vehicle Cost Down Payment Loan Amount 48-month Loan APR Monthly Payment | $25,000 $5,000 $20,000 3.50% $447 | $10,000 $2,000 $8,000 3.50% $179 |
1 Assumes 20% down payment and 60 equal monthly payments with a 5.99% interest rate and 6.40% Annual Percentage Rate (APR) which includes a $100 documentation fee.
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