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.
Program |
Rate |
APR* |
Monthly Payment** |
---|---|---|---|
*APR = Annual Percentage Rate. Rates are subject to change without notice. Rates last updated on 10/02/2023 at 2:20pm (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 $200,000 and the jumbo loans are based on a loan amount of $728,000. ¹ Mortgage purchase rates are based on a 55-day rate lock. Under certain circumstances, a 55-day rate lock may not be available. ² Mortgage refinance rates are based on a 55-day rate lock. Under certain circumstances, a 55-day rate lock may not be available. Rate may be higher due to longer processing period. |
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Program 30 Year Fixed (Conforming-Purchase)1 |
Rate 7.250% |
APR* 7.517% |
Monthly Payment** $1,364.35 |
Program 30 Year Fixed (Conforming-Cash Out Refinance)2 |
Rate 7.625% |
APR* 7.902% |
Monthly Payment** $1,415.59 |
Program 15 Year Fixed (Conforming-Purchase)1 |
Rate 6.750% |
APR* 7.166% |
Monthly Payment** $1,769.82 |
Program 15 Year Fixed (Conforming-Cash Out Refinance)2 |
Rate 7.000% with points |
APR* 7.261% |
Monthly Payment** $1,755.21 |
Program 5/1 ARM (Conforming-30 year term) |
Rate 7.250% |
APR* 7.904% |
Monthly Payment** $1,364.35 |
Program 7/1 ARM (Conforming-30 year term) |
Rate 7.500% |
APR* 7.951% |
Monthly Payment** $1,398.43 |
Program 10/1 ARM (Conforming-30 year term) |
Rate 7.125% |
APR* 7.618% |
Monthly Payment** $1,347.44 |
Program 10/1 ARM (Conforming-30 year term) Medical Professional Program |
Rate 6.625% |
APR* 7.277% |
Monthly Payment** $1,280.62 |
Program FHA 30 Year (FHA) |
Rate 7.750% |
APR* 7.958% |
Monthly Payment** $1,728.34 |
Program VA 30 Year (VA) |
Rate 6.875% |
APR* 7.482% |
Monthly Payment** $1,701.45 |
Program 30 Year Fixed (Jumbo) |
Rate Call for a quote. |
APR* |
Monthly Payment** |
Program 7/1 ARM (Jumbo-30 year term) |
Rate 7.750% with points |
APR* 8.013% |
Monthly Payment** $5,215.48 |
Program 10/1 ARM (Jumbo-30 year term) |
Rate 7.500% |
APR* 7.802% |
Monthly Payment** $5,090.28 |
Program 10/1 ARM (Jumbo-30 year term) Medical Professional Program |
Rate 7.000% |
APR* 7.458% |
Monthly Payment** $4,843.40 |
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