Lower interest rates mean more buying power for you
The following chart illustrates the impact of a 1% difference in the interest rate and the payment amounts associated with a $125,000, $175,000 and $225,000 loan. [alternative with the loan amounts shown] It compares the difference of the monthly payment and total interest payments on two different interest rates that vary by 1%. This is an illustration and does not reflect your actual loan information or the exact interest rate you may receive. Please contact us for current interest rates.
Closing costs are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan and payment amounts will be higher. Your loan's interest rate will depend upon the specific characteristics of the loan transaction and your credit profile up to the time of closing. If the down payment is less than 20% mortgage insurance may be required and could increase the monthly payment and APR.
|