
Term | Rate | APR |
---|---|---|
15 Year Fixed | 3.375% | 3.434% |
30 Year Fixed | 3.750% | 3.783% |
Term | Rate | APR |
---|---|---|
Construction 15yr | 3.125% | 3.196% |
Construction 30yr | 3.500% | 3.540% |
Term | Rate | APR |
---|---|---|
Jumbo 30 Year | 3.625% | 3.633% |
Term | Rate | APR |
---|---|---|
5/1 ARM | 3.250% | 3.927% |
Please note that if your credit score, down-payment or loan amount is different than the above assumptions, your rate could be higher or lower. Subject to credit approval. Rates, terms and conditions effective 12/9/19 are for sample purposes only and subject to change. Please contact your Mortgage Loan Officer for specific, customized pricing for your financial situation.
On a $230,000, 5/1 ARM amortized over 30 years with an initial interest rate of 3.250% with an annual percentage rate of 3.927%, after fixed-period of 5 years the rate may increase annually; individual adjustments are capped at 2% first, 2% subsequent and rate can never increase by more than the lifetime cap of 5%. A payment example would be as follows based on a fully-capped interest rate of the loan: Years 1-5 at 3.250% rate with a payment of $1,000.97, Year 6 at 5.250% rate with a payment of $1,230.89, Year 7 at 7.250% rate with a payment of $1,476.90 and Years 8-20 at 8.250% rate with a payment of $1,603.92. The monthly payment may change when the interest rate on an adjustable rate mortgage is reset. After the initial fixed-rate period, your interest rate can increase annually according to the market index. Current index (LIBOR 12 month) as of Oct 22, 2019 is 1.967%. The current index plus Margin rounded to the nearest 0.125 is 4.250%. Any change may significantly impact your monthly payment. Rate payment example does not include costs of mortgage insurance and taxes; therefore, the actual payment obligation will be higher.
Term | Rate | APR |
---|---|---|
FHA 30 Year | 3.250% | 4.286% |