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 3.250% interest rate, the Annual Percentage Rate (APR) for this loan type is 3.264%. The monthly payment schedule would be:
360 payments of $2,393.64 at an interest rate of 3.250%
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 2.625% interest rate, the Annual Percentage Rate (APR) for this loan type is 2.650%. The monthly payment schedule would be:
180 payments of $3,699.80 at an interest rate of 2.625%
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 2.625% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 2.835%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
36 payments of $2,209.08 at an interest rate of 2.625%, and 324 payments of $2,275.57 at an interest rate of 2.875%
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 2.750% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 2.846% , subject to increase. Based on current market conditions, the monthly payment schedule would be:
60 payments of $2,245.33 at an interest rate of 2.750%, and 300 payments of $2,276.60 at an interest rate of 2.875%
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 2.875% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 2.889%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
84 payments of $2,281.91at an interest rate of 2.875%, and 276 payments of $2,281.91 at an interest rate of 2.875%
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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