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 4.750% interest rate, the Annual Percentage Rate (APR) for this loan type is 4.764%. The monthly payment schedule would be:
360 payments of $2,869.07 at an interest rate of 4.750%
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 4.250% interest rate, the Annual Percentage Rate (APR) for this loan type is 4.273%. The monthly payment schedule would be:
180 payments of $4,137.54 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 3.750% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 5.001%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
36 payments of $2,547.14 at an interest rate of 3.750%, and
324 payments of $3,035.96 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 4.000% 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:
60 payments of $2,625.79 at an interest rate of 4.000%, and
300 payments of $3,017.83 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 4.125% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 4.782%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
84 payments of $2,665.58 at an interest rate of 4.125%, and
276 payments of $3,000.00 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. |