Example: The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $550,001, and an estimated property value of $687,502. The property is an existing single family home and will be used as a primary residence. |
At a 4.375% interest rate, the Annual Percentage Rate (APR) for this loan type is 4.388%. The monthly payment schedule would be:
360 payments of $2,746.07 at an interest rate of 4.375%
Note: If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. |
At a 3.750% interest rate, the Annual Percentage Rate (APR) for this loan type is 3.773%. The monthly payment schedule would be:
180 payments of $3,999.73 at an interest rate of 3.750%
Note: If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. |
At a 3.375% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 4.727%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
36 payments of $2,431.53 at an interest rate of 3.375%, and
324 payments of $2,946.79 at an interest rate of 5.125%
Note: If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. |
At a 3.625% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 4.590%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
60 payments of $2,508.29 at an interest rate of 3.625%, and
300 payments of $2,926.26 at an interest rate of 5.125%
Note: If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. |
At a 3.750% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 4.479%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
84 payments of $2,547.14 at an interest rate of 3.750%, and
276 payments of $2,906.06 at an interest rate of 5.125%
Note: If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. |