Subject to credit approval. Additional conditions may apply.
Fixed-Rate Mortgages. These examples represent Residential Fixed Rate and Adjustable-Rate Mortgage (ARM) credit transactions based on the repayment terms mentioned above. The payment examples do not include insurance premiums (hazard, flood, mortgage) or real estate taxes in the payment amount. The actual payment obligations will be higher. Annual percentage rate (APR).
10-Year Fixed-Rate Mortgage: Based on an APR of 6.225% and a loan amount of $300,000 with a 20.00% down payment amount there will be 120 total monthly payments of $3,330.62.
15-Year Fixed-Rate Mortgage: Based on an APR of 6.285% and a loan amount of $300,000 with a 20.00% down payment amount there will be 180 total monthly payments of $2,551.87.
20-Year Fixed-Rate Mortgage: Based on an APR of 7.011% and a loan amount of $300,000 with a 20.00% down payment amount there will be 240 total monthly payments of $2,303.44.
25-Year Fixed-Rate Mortgage: Based on an APR of 6.991% and a loan amount of $300,000 with a 20.00% down payment amount there will be 300 total monthly payments of $2,096.48.
30-Year Fixed-Rate Mortgage: Based on an APR of 6.979% and a loan amount of $300,000 with a 20.00% down payment amount there will be 360 total monthly payments of $1,970.79.
Adjustable-Rate Mortgages (ARM)
3/1 ARM: Based on an APR of 6.520% and a loan amount of $300,000 with a 20.00% down payment amount there will be 360 total monthly payments. The first 3 years of payments will be $1,864.75. The highest monthly payments will be $3,059.29. The annual percentage rate may increase after consummation and the monthly payments may vary between the amounts listed.
5/1 ARM: Based on an APR of 6.901% and a loan amount of $300,000 with a 20.00% down payment amount there will be 360 total monthly payments. The first 5 years of payments will be $1,931.86. The highest monthly payments will be $3,080.02. The annual percentage rate may increase after consummation and the monthly payments may vary between the amount listed.
7/1 ARM: Based on an APR of 6.520% and a loan amount of $300,000 with a 20.00% down payment amount there will be 360 total monthly payments. The first 7 years of payments will be $1,856.92. The highest monthly payments will be $2,752.80. The annual percentage rate may increase after consummation and result in a higher payment for the remaining 23 years.