Rates Last Modified: July 5, 2022
Loan details for Fixed Rate Mortgages
Term | Rate | APR | Points | below is for $200,000 Loan Amount |
---|---|---|---|---|
30-Year Fixed Rate | 5.500% | 5.565% | 0.00 | |
20-Year Fixed Rate | 5.250% | 5.336% | 0.00 | |
15-Year Fixed Rate | 5.000% | 5.108% | 0.00 |
Loan details for 5 Year / 6 Month Adjustable-Rate Mortgage (ARM)*
Number of payments | Estimate interest rate | below is for $200,000 Loan Amount |
---|---|---|
60 | 5.375% | |
299 | 4.000% | |
1 | 4.000% |
Maximum rate and payment adjustments
After the initial fixed-rate period based on the initial interest rate and interest rate caps disclosed above, the maximum first adjusted rate for this loan will never be more than 7.375%, with a maximum first payment of $1,349.30. The maximum lifetime rate will never be more than 10.375% with an estimated maximum monthly payment of $1,717.17
Your results are based on the purchase of a home in ZIP code 19317 with an estimated purchase price of $250,000.00 and an estimated down payment of $50,000.00.
Current index rate: Secured Overnight Financing Rate 30 day average | 1.210% |
Margin | 2.75% |
Rate adjustment frequency | Every six months |
First adjusted interest rate cap | 2.00% |
Subsequent semi-annual adjusted interest rate cap | 1.00% |
Lifetime rate cap | 5.00% |
Loan details for 7 Year / 6 Month Adjustable-Rate Mortgage (ARM)
Number of payments | Estimate interest rate | below is for $200,000 Loan Amount |
---|---|---|
84 | 5.500% | |
275 | 4.000% | |
1 | 4.000% |
Maximum rate and payment adjustments
After the initial fixed-rate period based on the initial interest rate and interest rate caps disclosed above, the maximum first adjusted rate for this loan will never be more than 10.50%, with a maximum first payment of $1,708.58. The maximum lifetime rate will never be more than 10.50% with an estimated maximum monthly payment of $1,708.58.
Current index rate: Secured Overnight Financing Rate 30 day average | 1.210% |
Margin | 2.75% |
Rate adjustment frequency | Every six months |
First adjusted interest rate cap | 5.00% |
Subsequent semi-annual adjusted interest rate cap | 1.00% |
Lifetime rate cap | 5.00% |
Loan details for 10 year / 6 Month Adjustable-Rate Mortgage (ARM)
Number of payments | Estimate interest rate | below is for $200,000 Loan Amount |
---|---|---|
120 | 5.625% | |
239 | 4.000% | |
1 | 4.000% |
Maximum rate and payment adjustments
After the initial fixed-rate period based on the initial interest rate and interest rate caps disclosed above, the maximum first adjusted rate for this loan will never be more than 10.625%, with a maximum first payment of $1,667.89. The maximum lifetime rate will never be more than 10.625 with an estimated maximum monthly payment of $1,667.89.
Current index rate: Secured Overnight Financing Rate 30 day average | 1.210% |
Margin | 2.75% |
Rate adjustment frequency | Every six months |
First adjusted interest rate cap | 5.00% |
Subsequent semi-annual adjusted interest rate cap | 2.00% |
Lifetime rate cap | 5.00% |