Interest Rate Disclosure
APR disclosed higher to avoid any buy down possibilities if any.
Loan Amount
Purchase Price
LTV - Loan To Value
Loan Term
$504,000
$720,000
70%
30 Year Fixed
Example: Final Price $0.00 Means No Points (Zero Points)
Rate/Term Refinance
Single Family Residence
MID FICO
Primary Residence
Yes
First Time Homebuyer
800
Yes
P&I: Principal and Interest Payment (Property Tax + Insurance Extra)


Definition of 5/6 ARM
A 5/6 adjustable-rate mortgage (ARM) is a type of mortgage where the interest rate is fixed for the first five years, and then adjusts every six months thereafter.
Interest Rates are subject to change without notice based on market conditions.
Rate/APR and terms may vary based on the loan amount & credit worthiness of the individual.
Note: This APR is based on all borrower paid closing costs in including origination, credit, appraisal, transfer tax, underwriting and processing fees.
FHA APR is higher because of UMIP (1.75%) and monthly mortgage insurance (.55%)
APR additions to the rate; conventional .250, FHA .600 & USDA .500 are disclosed more to avoid the tolerance