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| 30 Year Fixed |
| 20 Year Fixed |
| 15 Year Fixed |
| 5/1 LIBOR ARM |
| 5/1 LIBOR INT. ONLY ARM |
| 30 Year Fixed, 10 Years I/O |
| Jumbo 30 Year Fixed |
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30 Year Fixed
Rate is fixed for 30 years and the monthly payment is principal and interest, amortized over the 30 year period.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 5.75% | 1% | 6.032% | | 5.875% | 0.625% | 6.123% | | 6% | 0.25% | 6.214% | | 6.125% | 0% | 6.316% |
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20 Year Fixed
Rate is fixed for 20 years and the monthly payment is principal and interest, amortized over the 20 year period.
Term: 20 years
Maximum Amount: $400,000
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| Rates | Points | APR |
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| 5.75% | 1.375% | 6.176% | | 5.875% | 0.875% | 6.238% | | 6% | 0.375% | 6.3% | | 6.125% | 0% | 6.378% |
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15 Year Fixed
Rate is fixed for 15 years and the monthly payment is principal and interest, amortized over the 15 year period.
Term: 15 years
Maximum Amount: $400,000
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| Rates | Points | APR |
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| 5.125% | 1.5% | 5.672% | | 5.25% | 1% | 5.719% | | 5.375% | 0.75% | 5.805% | | 5.5% | 0.375% | 5.872% |
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5/1 LIBOR ARM
Rate is fixed for the first 5 years of the 30 year term, then turns adjustable. Monthly payments are principal and interest, amortized over the 30 year period.
Term: 30 years
Maximum Amount: $400,000
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| Rates | Points | APR |
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| 5.25% | 1.375% | 6.885% | | 5.375% | 1% | 6.906% | | 5.5% | 0.75% | 6.936% | | 5.625% | 0.5% | 6.961% |
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5/1 LIBOR INT. ONLY ARM
Rate is fixed for the first 5 years of the 30 year period. The monthly payment is interest only for the first 10 years, then becomes principal and interest over the remaining 20 years.
Term: 30 years
Maximum Amount: $400,000
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| Rates | Points | APR |
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| 5.25% | 1.625% | 6.922% | | 5.375% | 1.375% | 6.947% | | 5.5% | 1% | 6.96% | | 5.625% | 0.75% | 6.986% |
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30 Year Fixed, 10 Years I/O
Rate is fixed for 30 years with an interest only minimum payment the first 10 years of the loan. During the interest only period, the monthly payment will recast if lump sum principal payments are made. After the first 10 years, the loan will re-amortize over the remaining 20 years using the current balance at that time.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 6% | 1.125% | 6.299% | | 6.125% | 0.75% | 6.389% | | 6.25% | 0.375% | 6.479% | | 6.375% | 0% | 6.569% |
| | Also a very popular jumbo loan product. Very smart product for an investor or person looking to make lump sum principal reductions maybe once a year after receiving a bonus, etc. |
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Jumbo 30 Year Fixed
A jumbo loan amount is one that is over $417,000. The rate is fixed for 30 years and the monthly payment is principal and interest, amortized over the 30 year period.
Term: 30 years
Maximum Amount: $1,000,000
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| Rates | Points | APR |
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| 6.625% | 1% | 6.872% | | 6.75% | 0.75% | 6.974% | | 6.875% | 0.625% | 7.088% | | 7% | 0.375% | 7.189% |
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $250,000 with closing costs of $5,000. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $650,000 with closing costs of $13,000. Your actual APR may be different depending upon these factors.
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