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 3.625% interest rate, the Annual Percentage Rate (APR) for this loan type is 3.639%. The monthly payment schedule would be:
360 payments of $2,508.29 at an interest rate of 3.625%
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 3.000% interest rate, the Annual Percentage Rate (APR) for this loan type is 3.025%. The monthly payment schedule would be:
180 payments of $3,798.21 at an interest rate of 3.000%
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 2.875% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 4.048, subject to increase. Based on current market conditions, the monthly payment schedule would be:
36 payments of $2,281.91 at an interest rate of 2.875%, and 324 payments of $2,705.21 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.
About ARM rates.
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At a 3.000% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 3.900%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
60 payments of $2,318.83 at an interest rate of 3.000%, and 300 payments of $2,683.36 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.
About ARM rates.
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At a 3.125% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 3.804%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
84 payments of $2,356.07 at an interest rate of 3.125%, and 276 payments of $2,665.80 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.
About ARM rates.
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