Adjustable-Rate Mortgage

The initial payment on a 30-year $200,000 5-year Adjustable-Rate Loan at 2.875% and 70% loan-to-value (LTV) is $829.79 with 2.125 points due at closing. The Annual Percentage Rate (APR) is 3.027%. After the initial 5 years, the principal and interest payment is $818.39. The fully indexed rate of 2.875% is in effect for the remaining 25 years and can change once every year for the remaining life of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Rate is variable and subject to change after 5 years.

30-Year Fixed-Rate Mortgage

The payment on a $200,000 30-year Fixed-Rate Loan at 4.375% and 70% loan-to-value (LTV) is $998.58 with 1.75 points due at closing. The Annual Percentage Rate (APR) is 4.599%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.

15-Year Fixed-Rate Mortgage

The payment on a $200,000 15-year Fixed-Rate Loan at 3.375% and 70% loan-to-value (LTV) is $1417.52 with 2 points due at closing. The Annual Percentage Rate (APR) is 3.796%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.