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 4.250% interest rate, the Annual Percentage Rate (APR) for this loan type is 4.264%. The monthly payment schedule would be:
360 payments of $2,459.70 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 3.500% interest rate, the Annual Percentage Rate (APR) for this loan type is 3.525%. The monthly payment schedule would be:
180 payments of $3,574.42 at an interest rate of 3.500%
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 3.000% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 3.980%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
36 payments of $2,108.02 at an interest rate of 3.000%, and
324 payments of $2,429.17 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 3.908%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
60 payments of $2,176.04 at an interest rate of 3.250%, and
300 payments of $2,419.05 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 3.375% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 3.853%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
84 payments of $2,210.49 at an interest rate of 3.375%, and
276 payments of $2,409.53 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. |