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\viewkind4\uc1\pard\cf1\b\f0\fs24 APR EXAMPLES\b0\fs17
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\par The following are representative examples of products available. We will be happy to provide you with specific information on your transaction upon your request.
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\par Conventional Fixed Rate Mortgages
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\par Jumbo Mortgages
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\par Adjustable Rate Mortgages (ARM)
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\par Mortgages For Special Needs
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\par FHA/VA Mortgages
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\par The following Annual Percentage Rate (APR) examples are for a typical transaction and are only examples. We will be happy to provide you with a specific APR for your transaction.
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\par Conventional Fixed Rate Mortgages
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\par Conventional Fixed Rate 30-Year Example
\par The example below assumes a sales price of $164,000, a loan amount of $150,000 and a down payment of $14,000. The simple interest rate for the example is 6.250% with a .375% discount points. Monthly private mortgage insurance ("PMI") is assumed for this loan. This is only an example. Please contact your local office for the current interest rates.
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\par Annual Percentage Rate:6.9589%
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\par Payments include principal, interest and PMI:
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\par 114 @ $1,021.08
\par 246 @ $923.58 |
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\par Jumbo Mortgages
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\par Jumbo 30-Year Fixed Rate Mortgage
\par This example assumes a sales price of $625,000, a loan amount of $500,000 and a down payment of $125,000. The simple interest rate for the example is 6.375% and .125% discount points. This is only an example. Please contact your local office for the current rates available.
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\par Annual Percentage Rate:6.4917%
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\par Payments include principal, interest:
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\par 360 @ $3,119.35 |
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\par Adjustable Rate Mortgages (ARM)
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\par Back To Top
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\par The following APR calculations are only examples. We will be happy to provide you with a specific APR for your transaction upon your request.
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\par Portfolio 5/1 LIBOR ARM 30-Year Term
\par The example below assumes a sales price of $300,000, a loan amount of $267,800 and a down payment of $32,200. The example assumes an initial interest rate of 6.375%, a fully index-based rate of 7.625%, and no discount points. Monthly private mortgage insurance ("PMI") is assumed for this loan. This is only an example. Please contact your local office for the current rate available. Due to the variable interest rate feature, the annual percentage rate is subject to increase after loan closing.
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\par Annual Percentage Rate:
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\par Payments include principal, interest and PMI:
\par | 7.7524%
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\par 60 @ $1,844.80
\par 50 @ $2,044.37
\par 250 @ $1,870.30 |
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\par Portfolio 5/1 LIBOR ARM Interest Only, 30-Year Term
\par The example below assumes a sales price of $300,000, a loan amount of $267,800 and a down payment of $32,200. The example assumes an initial interest rate of 6.375%, a fully index-based rate of 7.625%, and no discount points. Monthly private mortgage insurance ("PMI") is assumed for this loan. This is only an example. Please contact your local office for the current rate available. Due to the variable interest rate feature, the annual percentage rate is subject
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