Rates Last Modified: July 26, 2024
Loan details for Fixed Rate Mortgages
Term | Rate | APR | Points | below is for $200,000 Loan Amount |
---|---|---|---|---|
30-Year Fixed Rate | 6.875% | 6.945% | 0.00 | |
20-Year Fixed Rate | 6.500% | 6.590% | 0.00 | |
15-Year Fixed Rate | 6.500% | 6.613% | 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 | 7.000% | |
299 | 8.125% | |
1 | 8.125% |
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 9.000%, with a maximum first payment of $1,579.90. The maximum lifetime rate will never be more than 12.000% with an estimated maximum monthly payment of 1,974.42.
APR based on a $200,000 single family home purchase loan amount, a 60% loan to value and 760 FICO. The APR is based on the purchase of a home in ZIP code 19317.
Current index rate: Secured Overnight Financing Rate 30 day average | 5.346% |
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 | 7.125% | |
275 | 8.125% | |
1 | 8.125% |
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 12.125%, with a maximum first payment of $1,968.24. The maximum lifetime rate will never be more than 12.125% with an estimated maximum monthly payment of $1,968.24.
Current index rate: Secured Overnight Financing Rate 30 day average | 5.346% |
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 | 7.250% | |
239 | 8.125% | |
1 | 8.125% |
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 12.250%, with a maximum first payment of $1,930.86. The maximum lifetime rate will never be more than 12.250% with an estimated maximum monthly payment of $1,930.86.
Current index rate: Secured Overnight Financing Rate 30 day average | 5.346% |
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% |