Home financing & personal banking combined into one simple tool
The All In One home equity line of credit offered by Northpointe Bank combines a HELOC and deposit account allowing you the potential to lower your interest cost over the life of your loan.
The following examples are based on results from the All In One Loan Simulator, an interactive mortgage calculator. All examples are hypothetical and for illustrative purposes only. The quoted rates do not include origination fees and other lender fees, points, third-party closing costs, taxes and government fees, and prepaid expenses and deposits. Any rates quoted on the examples are not annual percentage rates. Rates used in the examples are based on historical averages and do not reflect currently available rates. The savings quoted are estimates and not guaranteed. Your HELOC disclosure and brochure will provide the actual rates, terms and fees associated with the All In One Loan.
The example below is based on $10,000 in monthly deposits to your AIO checking account and $6,000 in monthly withdrawals.
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All in One at a glance
All In One is an offset home loan. There’s no amortization schedule, interest is calculated nightly based on that days ending balance. Watch the animation below to learn more!
*Projected interest savings and time to payoff depend on the starting amount of the HELOC at account opening , annual percentage rate, APR rate environment, checking account deposit and withdrawal activity. Actual results may vary for a variety of reasons and may result in less interest savings and a longer time to payoff.
Example of 80% LTV (20% cash down) 30-Year Conventional Loan Program with $700,000 sale price. $560,000 loan amount, $140,000 cash down payment, 30-year fixed rate loan with zero points. 360 monthly payments of $4,355.62 each (P&I only). Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. Example assumes 740 credit score. Interest rate is 8.625%, APR 8.662%. Rates as of December 5, 2023.
The All In One® Home Equity Line of Credit (AIO HELOC) is a variable rate, 30-year, home equity line of credit (HELOC) combined with a Northpointe Bank checking account and secured by a first lien on residential real property. The APR changes monthly based on the 1-Year Treasury Rate (CMT) Index plus a margin. Example of an AIO HELOC with a line amount of $560,000 at opening with APR of 9.120% has an average minimum monthly payment of $2,363.85. Example assumes an owner-occupied primary or second residence with 80% LTV and 740 credit score. Rate will not exceed 15.120% APR. Annual fee of $60 after the first year or other amount as permitted by state law. Property insurance required. Borrower is responsible for doc stamps, intangible tax, transfer tax, recording tax and mortgage tax, if applicable. Rates as of December 5, 2023.
All loans are subject to credit review and approval. This is not a commitment to lend. Rates, fees, other charges and terms subject to change. Available loan programs and terms will vary by state. Other terms and conditions may apply.
All In One Loan is a registered trademark of CMG Financial Services.