Branch Closure Notice as of October 8th, 2020 and Message Regarding Marathon Bank’s response to COVID-19 (coronavirus). Read More
Trust … more than a feeling of security, it’s your assurance that someone’s looking out for you. That’s what we believe. From personal savings to business expansion goals, you can expect more from Marathon Bank.Learn More
Whether you are looking for a competitive rate or prefer the perks of earning points on every dollar you spend, Marathon Bank has the right card for your lifestyle.Learn More
Convenient access to your money, wherever life takes you. Click to find the nearest ATM from our extensive network throughout Wisconsin and Minnesota.Learn More
What’s the right checking account for your needs? At Marathon Bank, we start by including free online banking, free bill pay and free mobile banking with every checking account. When we say, “expect more,” we deliver on that promise. Take a moment to see which of our account types is right for you.Learn More
Marathon Bank offers deposit accounts tailored specifically for businesses large or small. As your community bank, we make it our priority to treat you as an individual with unique needs while providing the financial advice and resources you deserve.Learn More
Looking to purchase a new building for your business? Do you need longer term financing with minimal equity requirements? A Small Business Administration Loan (SBA) may be the right choice for you. Please call one of our SBA Lending specialists to learn more.Learn More
Marathon Bank makes applying for a mortgage loan as easy as 1-2-3. From selecting the right loan to securing a mortgage, our online mortgage center lets you apply in as little as 20 minutes.Learn More
|Term||Interest Rate||Annual Percentage Rate||Points|
|30 Year Fixed||2.750%||2.827%||0.00|
|20 Year Fixed||2.625%||2.735%||0.00|
|15 Year Fixed||2.375%||2.517%||0.00|
Rates listed are based on a loan amount of $100,000 for the term shown to purchase a single family home located in Wisconsin, with a loan-to-value of 80%, a credit score of 740, and borrower paid finance charges and closing fees totaling approximately $2,154. Annual Percentage Rates (APR) and interest rates may vary based on the terms of the loan selected, loan type, underwriting, credit history, down payment, and debt-to-income ratios. All rates are subject to change without notice.
An Adjustable Rate Mortgage, or ARM, contains a variable rate feature which provides that the interest rate and payment and/or terms of the loan can change. After the initial fixed period, the amount of the monthly payment may increase. A $100,000 5/1 ARM loan, at an interest rate of 4.00%, could have a monthly payment of $477.42 for 360 months.
A fixed rate mortgage features an interest rate that will not change during the term of your loan, and the monthly payment will remain consistent for the term of the loan. A $100,000 15 year loan, at a fixed interest rate of 3.25%, could have a monthly payment of $702.67 for 180 months.
Your monthly payment may vary, and may include homeowner’s insurance and/or property taxes which could increase your monthly payment. All loans are subject to credit approval. Contact the Bank for more information.
Nov 12, 2020
With an adjustable-rate mortgage, you benefit from an initial interest rate that may be lower than the rate on a fixed-rate mortgage. Our 3/3, 5/1, 7/1 and 10/1 ARMs offer the stability of a lower initial rate that is set for a period of three, five, seven or ten years before the adjusting period begins.