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 4.500% interest rate, the Annual Percentage Rate (APR) for this loan type is 4.513%. The monthly payment schedule would be:
360 payments of $2,786.77 at an interest rate of 4.500%
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 4.000% interest rate, the Annual Percentage Rate (APR) for this loan type is 4.023%. The monthly payment schedule would be:
180 payments of $4,068.29 at an interest rate of 4.000%
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 3.500% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 4.943%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
36 payments of $2,469.75 at an interest rate of 3.500%, and
324 payments of $3,028.39 at an interest rate of 5.375%
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% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 4.789%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
60 payments of $2,547.14 at an interest rate of 3.750%, and
300 payments of $3,005.48 at an interest rate of 5.375%
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 3.875% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 4.664%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
84 payments of $2,586.31 at an interest rate of 3.875%, and
276 payments of $2,982.78 at an interest rate of 5.375%
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. |