**The Annual Percentage Rates (APRs) are accurate as of 1/14/20. The total term of the HELOC is 360 months. During the first 10 years, the “Draw Period”, the introductory APR is fixed at 3.49% for the first 12 months. After the introductory period has ended, the APR is a variable rate based on the Wall Street Journal Prime Index plus an applicable margin for the remainder of the draw period. Starting year 2 through year 10, the APR could be as low as 4.50% to 11.50% . Rates may vary depending upon credit line amount, combined loan-to-value, credit history, and property type. Your payment will be the greater of interest only or $35 during the Draw Period. After the draw period, the loan enters a maximum 20 year repayment period of principal plus interest. The APR during the repayment period is Prime plus 1%. The minimum principal payment during the repayment period is calculated at 0.417% of the ending loan balance after the draw period expires or $100, whatever is greater. The minimum APR is 3.49% and the maximum APR is 18.00%. There is an annual fee of $50, which will be waived during the first year. Property insurance is required and flood insurance may be required. Consult a tax advisor regarding the deductibility of interest. All third party closing costs are paid by Republic Bank of Chicago. For HELOCs closed simultaneously with a first mortgage only, there is a $199 processing fee plus title, recording and appraisal fees. Pricing shown assumes borrower meets underwriting guidelines, otherwise a higher APR may apply or credit may not be available. Early termination fees may apply. To receive the promotional rate, you must have an automatic payment from a Republic Bank of Chicago depository account. See your loan officer for details.