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Land APR Assumptions:

 

10. The APR calculation shown is based upon a 5-year fixed rate mortgage, amortized over 25 years, with a balloon payment at the end of 5-years, in the amount of $100,000, for the purchase of land with an 65% loan-to-value, minimum borrower credit score of 720 with no points. Your payment schedule would be 59 payments of $755.17 and 1 payment of $92,753.11. 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.

 

  • LAND RATES
    Loan TypeRateAPR
    5-Yr Balloon 7.750% 7.745%10

    as of 02/22/17 09:30:54 AM

    APR Assumptions

    (APR = Annual Percentage Rate)



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