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Rate and Payment Details




Below are the details of the Rate and Payment that will apply over the term of the loan. The payments listed below do not include amounts for taxes and insurance. If the Loan is an Adjustable Rate Mortgage, a reasonably current Index and Margin were used to display potential future Rate and Payment changes.

  • Initial Interest Rate: On a Fixed rate loan, it is the rate for the entire life of the loan. On an Adjustable Rate Mortgage it is the interest rate that is fixed for some specified number of months at the beginning of the loan term.
  • The APR in the table below includes the approximate cost of prepaid finance charges.
  • Fully Indexed Rate: The current index value plus the margin on an Adjustable Rate Mortgage
  • Maximum Interest Rate: The maximum rate that may occur on your Adjustable Rate Mortgage
  • Months to First Rate Adjustment: The period of time before your interest rate will adjust on an Adjustable Rate Mortgage
  • Payments do not include property taxes and required insurance premiums. Actual payments may be greater.

LOAN NAME

INITIAL INTERST RATE APR FULLY INDEXED RATE MAXIMUM INTERST RATE MONTHS TO FIRST RATE ADJUSTMENT
INITIAL INTERST RATE
APR
FULLY INDEXED RATE
MAXIMUM INTERST RATE
MONTHS TO FIRST RATE ADJUSTMENT

PAYMENT STREAM

PAYMENT MONTH(S) MONTHLY MORTGAGE(P&I) RATE
PAYMENT MONTH(S)
MONTHLY MORTGAGE(P&I)
PAYMENT MONTH(S)
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Points

A point is equal to one percent of the principal amount of your mortgage. For example, if you get a mortgage for $100,000, one point means you pay $1000 to the lender. These points are usually collected at closing and may be paid by the borrower or the home seller, or may be split between them.

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Annual Percentage Rate (APR):

A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees.

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Rate Box Assumptions

 
 

Home Loan Rate Snapshot

We have many loan programs and rates available. Click the "Payment" hyperlinks to see more details about monthly payments. Click the "Assumptions" link for important information.

The rates presented above are indicative of the current rates for the purchase of a single-family, primary residence. These rates are not guaranteed and are subject to change without notice. This is not a credit decision or a commitment to lend. Your guaranteed rate will depend on various factors including loan product, credit profile, property value, occupancy, loan size, etc. Rates and product availability may also vary based on the state or region in which your financed property is located. Adjustable Rate Mortgage (ARM) interest rates and payments are subject to change during the loan term. That change can increase or decrease your monthly payment. To guarantee a rate, you must submit an application and receive confirmation from a mortgage loan consultant that your rate is locked. Other restrictions may apply. Application can be made online, by calling 855.855.8805 or by meeting with a mortgage loan consultant.