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 4.625% interest rate, the Annual Percentage Rate (APR) for this loan type is 4.638%. The monthly payment schedule would be:
360 payments of $2,827.77 at an interest rate of 4.625%
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 4.125% interest rate, the Annual Percentage Rate (APR) for this loan type is 4.148%. The monthly payment schedule would be:
180 payments of $4,102.83 at an interest rate of 4.125%
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 4.879%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
36 payments of $2,508.29 at an interest rate of 3.625%, and
324 payments of $2,993.12 at an interest rate of 5.250%
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 3.875% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 4.757%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
60 payments of $2,586.31 at an interest rate of 3.875%, and
300 payments of $2,974.97 at an interest rate of 5.250%
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 4.000% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 4.660%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
84 payments of $2,625.79 at an interest rate of 4.000%, and
276 payments of $2,957.17 at an interest rate of 5.250%
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. |