|
APR (Annual Percentage Rate)
and Loan Rate Information
|
Loan Rate Information:
The mortgage rates shown on our Mortgage Loan Rates page are the current rates for a single-family primary residence based on a 30-day rate lock. Your actual rate may be different depending upon the strength of your credit, the property type and the nature of your loan request. All rates are subject to change without notice. Until your rate is locked it is subject to change. Please ask us about the options to lock a mortgage loan rate. We offer many other programs and options not shown here. Please feel free to contact us for more information or to arrange a meeting with one of our mortgage experts.
APR Information:
The Annual Percentage Rate, or APR, reflects the cost of your mortgage loan as a yearly rate and includes the cost of the interest rate, points, Private Mortgage Insurance or Mortgage Insurance Premium (PMI/MIP), VA Funding fee and/or other prepaid finance charges. The APR as shown on our Mortgage Loan Rates page has been calculated based on the assumptions shown below. Lower down payment options are available for most loan programs and may require Private Mortgage Insurance. Your actual APR may be higher.
| Conventional Fixed Rates and Balloon Rates: |
|
40 Year
Fixed Rate |
30 Year
Fixed Rate |
20 Year
Fixed Rate |
15 Year
Fixed Rate |
5 Year
Balloon |
7 Year
Balloon |
| Loan Amount |
|
$150,000 |
$150,000 |
$150,000 |
$150,000 |
$150,000 |
| Loan Origination Fee |
1.00% |
1.00% |
1.00% |
1.00% |
1.50% |
1.50% |
| Other Points |
|
- 0 - |
- 0 - |
- 0 - |
- 0 - |
- 0 - |
| Other Prepaid Finance Charges |
$99 |
$99 |
$99 |
$99 |
$99 |
$99 |
| APR Calc. Based on Down Payment of: |
20% |
20% |
20% |
20% |
20% |
20% |
| FHA or VA Loans, Fixed Rates: |
|
VA - 30 Year
Fixed Rate |
VA - 15 Year
Fixed Rate |
FHA - 30 Year
Fixed Rate |
FHA - 15 Year
Fixed Rate |
| Loan Amount |
$150,000 |
$150,000 |
$150,000 |
$150,000 |
| Loan Origination Fee |
1.0% |
1.0% |
1.0% |
1.0% |
| Other Points |
|
|
|
|
| Other Prepaid Finance Charges |
$24 |
$24 |
$24 |
$24 |
| FHA MIP or VA Funding Fee (financed) |
$3,225 |
$3,225 |
$2,250 |
$2,250 |
| APR Calc. Based on Down Payment of: |
- 0 - |
- 0 - |
- 0 - |
- 0 - |
| ARM Programs : |
|
5/1 Conventional
ARM |
7/1 Conventional
ARM |
1/1 VA
ARM |
Initial Interest
Only 5/1 ARM |
| Loan Amount |
$150,000 |
$150,000 |
$150,000 |
$150,000 |
| Loan Origination Fee |
1.0% |
1.0% |
1.0% |
1.0% |
| Other Points |
|
|
|
|
| Other Prepaid Finance Charges |
$99 |
$99 |
$24 |
$99 |
| VA Funding Fee (financed) |
N/A |
N/A |
$3,225 |
N/A |
| Time Initial Rate is Fixed |
5 Years |
7 Years |
1 Year |
5 Years |
| APR Calc. Based on Down Payment of: |
20% |
20% |
- 0 - |
20% |
| Jumbo Loans, Fixed Rates: |
|
30 Year Jumbo
Fixed Rate |
15 Year Jumbo
Fixed Rate |
| Loan Amount |
$550,000 |
$550,000 |
| Loan Origination Fee |
1.0% |
1.0% |
| Other Points |
- 0 - |
- 0 - |
| Other Prepaid Finance Charges |
$99 |
$99 |
| APR Calc. Based on Down Payment of: |
20% |
20% |
