Mortgage Payment Examples

The terms used in these examples are for illustrative purposes only and the actual terms you receive may be different depending on your individual circumstances, including but not limited to creditworthiness, property type, and loan to value ratio. These estimates do not include amounts for taxes or mortgage insurance premium, and as a result the actual payment may be higher.

Mortgage Terms and Conditions

Program

Rate

APR*

Monthly Payment**

*APR = Annual Percentage Rate. Rates are subject to change without notice. Rates last updated on 09/30/2022 at 2:15pm (EST). Mortgage rates are based upon a variety of assumptions and conditions. The credit score used in this estimate may be higher or lower than your personal credit score. A loan’s interest rate will depend upon specific characteristics of the loan and the credit history through the time of closing.

**The conforming loans are based on a loan amount of $176,000 and the jumbo loans are based on a loan amount of $647,200.

¹ Mortgage purchase rates are based on a 60-day rate lock. Under certain circumstances, a 60-day rate lock may not be available.

² Mortgage refinance rates are based on a 60-day rate lock. Under certain circumstances, a 60-day rate lock may not be available. Rate may be higher due to longer processing period.

Program

30 Year Fixed (Conforming-Purchase)1

Rate

6.625% 

APR*

6.891%

Monthly Payment**

$1,126.95

Program

30 Year Fixed (Conforming-Cash Out Refinance)2

Rate

7.000%

APR*

7.275%

Monthly Payment**

$1,170.93

Program

15 Year Fixed (Conforming-Purchase)1

Rate

5.750%

APR*

6.163%

Monthly Payment**

$1,461.52

Program

15 Year Fixed (Conforming-Cash Out Refinance)2

Rate

6.000% with points

APR*

6.420%

Monthly Payment**

$1,485.19

Program

5/1 ARM (Conforming-30 year term)

Rate

6.250% with points

APR*

4.402%

Monthly Payment**

$1,219.12

Program

7/1 ARM (Conforming-30 year term)

Rate

6.500% with points

APR*

4.922%

Monthly Payment**

$1,251.49

Program

10/1 ARM (Conforming-30 year term)

Rate

6.500%

APR*

5.477%

Monthly Payment**

$1,251.49

Program

15/15 ARM (Conforming-30 year term)

Rate

5.000%

APR*

4.977%

Monthly Payment**

$1,181.01

Program

10/1 ARM (Conforming-30 year term) Medical Professional Program

Rate

6.875%

APR*

5.740%

Monthly Payment**

$1,445.24

Program

FHA 30 Year (FHA)

Rate

6.625% with points

APR*

6.851%

Monthly Payment**

$1,359.38

Program

VA 30 Year (VA)

Rate

6.500%

APR*

7.102%

Monthly Payment**

$1,440.61

Program

30 Year Fixed (Jumbo)

Rate

6.500% with points

APR*

6.678%

Monthly Payment**

$4,298.06

Program

7/1 ARM (Jumbo-30 year term)

Rate

6.750% with points

APR*

4.990%

Monthly Payment**

$4,378.04

Program

10/1 ARM (Jumbo-30 year term)

Rate

6.625%

APR*

5.495%

Monthly Payment**

$4,322.10

Program

10/1 ARM (Jumbo-30 year term) Medical Professional Program

Rate

6.625%

APR*

5.495%

Monthly Payment**

$4,322.10

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