Example: The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $500,001, and an estimated property value of $625,002. The property is an existing single family home and will be used as a primary residence. |
At a 3.875% interest rate, the Annual Percentage Rate (APR) for this loan type is 3.889%. The monthly payment schedule would be:
360 payments of $2,351.19 at an interest rate of 3.875%
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 3.250% interest rate, the Annual Percentage Rate (APR) for this loan type is 3.275%. The monthly payment schedule would be:
180 payments of $3,513.35 at an interest rate of 3.250%
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 2.875% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 3.953%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
36 payments of $2,074.47 at an interest rate of 2.875%, and
324 payments of $2,425.86 at an interest rate of 4.250%
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 3.125% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 3.864%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
60 payments of $2,141.88 at an interest rate of 3.125%, and
300 payments of $2,413.66 at an interest rate of 4.250%
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 3.250% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 3.795%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
84 payments of $2,176.04 at an interest rate of 3.250%, and
276 payments of $2,402.02 at an interest rate of 4.250%
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. |