Legal Disclosures
30-year Fixed-Rate Loan:
An interest rate of 5.50% (5.792% APR) is for the cost of 2.00 point(s) ($4,000.00) paid at closing. On a $200,000 mortgage, you would make monthly payments of $1,135.58. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 74.91%.
15-year Fixed-Rate Loan:
An interest rate of 5.125% (5.634% APR) is for the cost of 2.125 point(s) ($4,250.00) paid at closing. On a $200,000 mortgage, you would make monthly payments of $1,594.65. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 74.91%.
30-year Fixed-Rate VA Loan:
An interest rate of 5.375% (5.886% APR) is for a cost of 2.00 Point(s) ($4,324.38) paid at closing. On a $204,601 mortgage, you would make monthly payments of $1,145.71. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 76.63%. VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.
30-year FHA Fixed-Rate Loan:
An interest rate of 5.375% (6.447% APR) is for the cost of 2.00 Point(s) ($4,070.00) paid at closing. On a $203,500 mortgage, you would make monthly payments of $1,272.50. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 74.91%. Payment includes a one-time upfront mortgage insurance premium at 1.75% of the base loan amount and a monthly mortgage insurance premium (MIP) calculated at 0.8% of the base loan amount. For mortgages with a loan-to-value (LTV) ratio of 74.91%, the 0.8% monthly MIP will be paid for the first 11 years of the mortgage term. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments until the end of the loan.
30-year Fixed-Rate Loan:
An interest rate of 5.375% (5.608% APR) is for the cost of 2.125 point(s) ($20,187.50) paid at closing. On a $950,000 mortgage, you would make monthly payments of $5,319.73. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 70.00%.
Assumptions
- You’re buying or refinancing a single-family home that’s your primary residence.
- If refinancing, you’re not taking cash out.
- Closing costs will be paid up front, not rolled into the loan.
- Your debt-to-income ratio is less than 30%.
- Your credit score is over 720, or 740 for certain jumbo loan options.
- You’ll have an escrow account for payment of taxes and insurance.
Disclosures
- Mortgage rates can change daily.
- Some loan options may not be available in all states.
- Some jumbo loan options may not be available to first-time home buyers.
- Lending services may not be available in all areas.
- Refinancing may cause finance charges to be higher over the life of the loan.
- Some restrictions may apply.
- The rate lock period is 45 days.
- One point equals one percent of your loan amount.
- The annual percentage rate, or APR, includes the interest rate plus fees and expenses associated with taking out a loan.