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Purchase, Refinance APR Assumptions:

 

1. The APR calculation shown is based upon a 30-year fixed-rate mortgage in the amount of $180,000, for the Purchase, Refinance of a single-family, primary residence with a 60% loan-to-value, minimum borrower credit score of 720 with no points and estimated pre-paid closing costs of $$734.38. Your payment schedule would be 359 payments of $885.49 and 1 payment of $886.85. The rate and APR displayed are subject to change at any time. Your rate cannot be determined until you have applied for and been approved for a loan. A mortgage loan consultant will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your specific situation. Payments do not include taxes and insurance, if applicable, and the actual payment obligation will be higher. If an escrow account is requested or required, the actual payment schedule will also include amounts for real estate taxes and homeowner's insurance premiums. If mortgage insurance is requested, the actual payment schedule will also include the amount of the mortgage insurance premium and will be higher.

 

2. The APR calculation shown is based upon a 15-year fixed-rate mortgage in the amount of $180,000, for the Purchase, Refinance of a single-family, primary residence with a 60% loan-to-value, minimum borrower credit score of 720 with no points and estimated pre-paid closing costs of $$607.50. Your payment schedule would be 179 payments of $1286.79 and 1 payment of $1286.41. The rate and APR displayed are subject to change at any time. Your rate cannot be determined until you have applied for and been approved for a loan. A mortgage loan consultant will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your specific situation. Payments do not include taxes and insurance, if applicable, and the actual payment obligation will be higher. If an escrow account is requested or required, the actual payment schedule will also include amounts for real estate taxes and homeowner's insurance premiums. If mortgage insurance is requested, the actual payment schedule will also include the amount of the mortgage insurance premium and will be higher.

 

3. The APR calculation shown is based upon a 10/1 ARM (adjustable rate mortgage) in the amount of $180,000, for the Purchase, Refinance of a single-family, primary residence with an 80% loan-to-value, minimum borrower credit score of 720 with no points and estimated pre-paid closing costs of $$607.50. It is subject to increase. Your payment schedule would be 120 payments of $808.28 and 239 payments of $844.55 and 1 payment of $842.86. After the initial 10 years the rate may change every year for the remaining life of the loan. The adjustment in the APR will be made based upon the 1 Year Constant Maturity Treasury ("CMT") rate in effect on the date of adjustment. Your payment schedule will also be adjusted to pay off the remaining principal balance of the loan over the remaining term of the loan at the adjusted APR. The rate and APR displayed are subject to change at any time. Your rate cannot be determined until you have applied for and been approved for a loan. A mortgage loan consultant will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your specific situation. Payments do not include taxes and insurance, if applicable, and the actual payment obligation will be higher. If an escrow account is requested or required, the actual payment schedule will also include amounts for real estate taxes and homeowner's insurance premiums. If mortgage insurance is requested, the actual payment schedule will also include the amount of the mortgage insurance premium and will be higher.

 

4. The APR calculation shown is based upon a 7/1 ARM (adjustable rate mortgage) in the amount of $180,000, for the Purchase, Refinance of a single-family, primary residence with an 80% loan-to-value, minimum borrower credit score of 720 with no points and estimated pre-paid closing costs of $$589.38. It is subject to increase. Your payment schedule would be 84 payments of $795.77 and 275 payment of $846.61 and 1 payment of $845.50. After the initial 7 years the rate may change every year for the remaining life of the loan. The adjustment in the APR will be made based upon the 1 Year Constant Maturity Treasury ("CMT") rate in effect on the date of adjustment. Your payment schedule will also be adjusted to pay off the remaining principal balance of the loan over the remaining term of the loan at the adjusted APR. The rate and APR displayed are subject to change at any time. Your rate cannot be determined until you have applied for and been approved for a loan. A mortgage loan consultant will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your specific situation. Payments do not include taxes and insurance, if applicable, and the actual payment obligation will be higher. If an escrow account is requested or required, the actual payment schedule will also include amounts for real estate taxes and homeowner's insurance premiums. If mortgage insurance is requested, the actual payment schedule will also include the amount of the mortgage insurance premium and will be higher.

 

5. The APR calculation shown is based upon a 5/1 ARM (adjustable rate mortgage) in the amount of $180,000, for the Purchase, Refinance of a single-family, primary residence with an 80% loan-to-value, minimum borrower credit score of 720 with no points and estimated pre-paid closing costs of $$553.13. It is subject to increase. Your payment schedule would be 60 payments of $771.08 and 299 payments of $846.62 and 1 payment of $845.54. After the initial 5 years the rate may change every year for the remaining life of the loan. The adjustment in the APR will be made based upon the 1 Year Constant Maturity Treasury ("CMT") rate in effect on the date of adjustment. Your payment schedule will also be adjusted to pay off the remaining principal balance of the loan over the remaining term of the loan at the adjusted APR. The rate and APR displayed are subject to change at any time. Your rate cannot be determined until you have applied for and been approved for a loan. A mortgage loan consultant will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your specific situation. Payments do not include taxes and insurance, if applicable, and the actual payment obligation will be higher. If an escrow account is requested or required, the actual payment schedule will also include amounts for real estate taxes and homeowner's insurance premiums. If mortgage insurance is requested, the actual payment schedule will also include the amount of the mortgage insurance premium and will be higher.

 

6. The APR calculation shown is based upon a 3/1 ARM (adjustable rate mortgage) in the amount of $180,000, for the Purchase, Refinance of a single-family, primary residence with an 80% loan-to-value, minimum borrower credit score of 720 with no points and estimated pre-paid closing costs of $$535.00. It is subject to increase. Your payment schedule would be 36 payments of $758.89 and 323 payments of $850.67 and 1 payment of $848.43. After the initial 3 years the rate may change every year for the remaining life of the loan. The adjustment in the APR will be made based upon the 1 Year Constant Maturity Treasury ("CMT") rate in effect on the date of adjustment. Your payment schedule will also be adjusted to pay off the remaining principal balance of the loan over the remaining term of the loan at the adjusted APR. The rate and APR displayed are subject to change at any time. Your rate cannot be determined until you have applied for and been approved for a loan. A mortgage loan consultant will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your specific situation. Payments do not include taxes and insurance, if applicable, and the actual payment obligation will be higher. If an escrow account is requested or required, the actual payment schedule will also include amounts for real estate taxes and homeowner's insurance premiums. If mortgage insurance is requested, the actual payment schedule will also include the amount of the mortgage insurance premium and will be higher.

 

  • PURCHASE AND REFINANCE RATES
    Loan TypeRateAPR
    30-Yr Fixed 4.250% 4.284%1
    15-Yr Fixed 3.500% 3.549%2
    10/1 ARM 3.500% 3.721%3
    7/1 ARM 3.375% 3.676%4
    5/1 ARM 3.125% 3.716%5
    3/1 ARM 3.000% 3.799%6

    as of 01/20/17 12:33:08 PM

    APR Assumptions

    (APR = Annual Percentage Rate)



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