Commerce Bank

INTRODUCTORY RATE
HOME EQUITY LINE OF CREDIT
IMPORTANT INFORMATION

Availability of Terms: Subject to credit approval. The initial interest rate is not based on the index and margin used for later rate adjustments. The initial rate will be in effect for six months after account opening. See the attached Important Terms of Our Home Equity Line of Credit document for important information about our Home Equity Line of Credit.

Historical Example: The following table shows how the annual percentage rate and the minimum payments for a single $10,000 credit advance would have changed based on the index over the past 15 years. The index values are from the last business day in July of each year. While only one payment amount per year is shown, payments would have varied during each year.

The table assumes that no additional credit advances were taken, that only the minimum monthly payment was made, and that the rate remained constant during each year. It does not necessarily indicate how the index or your payment will change in the future.

Year Index Product A Product B
APR 1.250
Margin*
80% or Less
Loan to Value
Minimum Monthly
Payment 1.250
Margin*
APR 2.500
Margin*
Greater than 80% Loan to Value Minimum Monthly Payment 2.500 Margin*
1999 8.000 9.250 NA 10.500 NA
2000 9.500 10.750 NA 12.000 NA
2001 6.750 8.000 NA 9.250 NA
2002 4.750 6.000 NA 7.250 NA
2003 4.000 5.250 NA 5.500 NA
2004 4.250 3.990** $33.89 3.990** $150.00
2005 6.250 7.500 $63.70 8.750 $130.28
2006 8.250 9.500 $80.68 10.750 $118.73
2007 8.250 9.500 $80.68 10.750 $110.40
2008 5.000 6.250 $53.08 7.500 $102.66
2009 3.250 4.500 $38.22 5.750 $92.38
2010 3.250 4.500 $38.22 5.750 $81.68
2011 3.250 4.500 $38.22 5.750 $72.22
2012 3.250 4.500 $38.22 5.750 $63.85
2013 3.250 4.500 $38.22 5.750 $56.45

* This is a Margin we have used recently.
**This rate and payment reflects a discount we have used recently.

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