The rate is based on the following assumptions.
* 30 | 20 | 15 Year
$100,000 Loan Amount
The information provided assumes the purpose of the loan is to purchase an existing single-family home property with a loan amount of $100,000 and an estimated property value of $125,000. The borrower agrees to pay 1.00% point, and the property will be used as a primary residence. The rate lock period is 30 days, and the assumed credit score is 740. If an escrow account is required or requested, the actual monthly payment will include amounts for principal, interest, real estate taxes and homeowner's insurance premiums.
$200,000 Loan Amount
The information provided assumes the purpose of the loan is to purchase an existing single-family home property with a loan amount of $200,000 and an estimated property value of $250,000. The borrower agrees to pay 1.00% point, and the property will be used as a primary residence. The rate lock period is 30 days, and the assumed credit score is 740. If an escrow account is required or requested, the actual monthly payment will include amounts for principal, interest, real estate taxes and homeowner's insurance premiums.
$300,000 Loan Amount
The information provided assumes the purpose of the loan is to purchase an existing single-family home property with a loan amount of $300,000 and an estimated property value of $375,000. The borrower agrees to pay 1.00% point, and the property will be used as a primary residence. The rate lock period is 30 days, and the assumed credit score is 740. If an escrow account is required or requested, the actual monthly payment will include amounts for principal, interest, real estate taxes and homeowner's insurance premiums.
