Current ARM Index 0.48

Current Prime Rate 3.25%

Disclaimers

• The above rates and points assume a mortgage for the first lien purchase/refinance of a single family, owner occupied primary residence. Other restrictions may apply.
• Closing costs stated are estimated values based on a typical loan scenario.
• Mortgage loans with a loan-to-value ratio of over 80% require Private Mortgage Insurance.
• To calculate your monthly principal and interest payment using the chart above, simply multiply the dollar figure in the payment per $1,000. column by the mortgage amount desired (in thousands) and divide the total by 1000.

For example: If a 30 year Conventional loan of $80,000 has a rate of 5.625% the payment per thousand would be $5.76 therefore:

Loan amount $80,000.00
Payment per thousand x $5.76
Total $460,800.00
divide total by 1000 giving the monthly principal and interest payment of $460.80

• Adjustable Rates and Points assume a first lien mortgage of a single family, owner occupied primary residence. Other restrictions may apply.   
• Loans $75,000.00 or less add .250% to the rate.  
• Interest rates are subject to the credit approval of the applicant(s) and property approval based on lending guidelines.   
• The annual percentage rate (APR) and estimated monthly payment amount are calculated on the loan amount you have entered and the loan-to-value (LTV) of the property. The APR may vary according to the actual terms of the loan.   
• Mortgage loans with a loan-to-value ratio of over 80% require Private Mortgage Insurance.(PMI)   
• Adjustable-Rate-Mortgage (ARM) loans are calculated using the current discounted interest rate. The rates stated for adjustable rate mortgages are the initial rates and subject to increase as specified by the product type. It should be noted that your actual payment adjustments would reflect the fluctuation in the index during the term of the loan.   

For example on the 3/1 ARM, the initial rate is fixed for 3 years and may adjust once every year thereafter. Loans assume a 30-year term.

• The index used for the ARMs is the 1-Year Treasury Weekly Average (from Federal Reserve Statistical release H.15(519). "Selected Interest Rates", which can be found at: www.federalreserve.gov Annual Rate Adj. - 2%; Lifetime Rate Cap - 6%; Margin - 2.75%.   
• APR's are based on $100,000 loan amount, no PMI, and discount points (if applicable).   
• Payment amounts are based on a 360 month payment schedule, unless otherwise noted.   
• Closing costs are estimated values, based on a typical loan scenario.   
• Due to market fluctuations, programs, rates, terms and conditions are subject to change without notice.