Mortgage Loans
Farmers and Merchants Bank’s knowledgeable loan officers are ready to assist you with any loan needs you may have. We deliver a prompt answer to your loan request and handle your financial details in a confidential manner. Contact a Farmers and Merchants Bank loan officer at 913-795-2212 today to determine how to best meet your needs.
Buying a home should be a pleasant experience.
At Farmers and Merchants Bank, you will find we offer very competitive interest rates. We offer our customers low loan origination fees, no prepayment penalties, and we are able to assist you with financing a vacation home or rental property. Why not work with the people you know? Our loan officers will assist you with the home loan that fits your needs. Contact a loan officer for current interest rates and complete information on a new home mortgage or refinancing of your current home.
Once you know approximately how much home is in your price range, use the guide below or our convenient Mortgage Loan Calculator to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance and mortgage life insurance are also not included on the chart.
| Mortgage Amount | 4% APR | 5% APR | 6% APR | 7% APR |
|---|---|---|---|---|
| $60,000 | $286 | $322 | $360 | $399 |
| $80,000 | $382 | $429 | $480 | $532 |
| $100,000 | $477 | $537 | $600 | $665 |
| $120,000 | $573 | $644 | $719 | $798 |
| $140,000 | $668 | $751 | $839 | $931 |
| $160,000 | $764 | $859 | $959 | $1,064 |
| $180,000 | $859 | $966 | $1,079 | $1,198 |
| $200,000 | $955 | $1,074 | $1,199 | $1,331 |
The above rates are for illustrative purposes only. They are based on the Annual Percentage Rate (APR) indicated for principal and simple interest with a term of 30 years. We offer a variety of mortgage plans.