|
Loan and
APR Information for Fixed-Rate Loans (as of
12/29/2007 12:00 PM Eastern)
|
|
Conforming |
Jumbo |
FHA |
|
|
40-Year Fixed |
30-Year Fixed |
20-Year Fixed |
15-Year Fixed |
40/30
Fixed-Rate Balloon |
30-Year Fixed |
15-Year Fixed |
30-Year Fixed |
|
Interest Rates |
6.375% |
5.875% |
5.750% |
5.375% |
7.250% |
7.125% |
6.500% |
6.000% |
|
Total Points |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
|
APR |
6.573% |
6.099% |
6.048% |
5.746% |
7.394% |
7.282% |
6.749% |
6.705% |
|
Amortization
Term |
40 yrs |
30 yrs |
20 yrs |
15 yrs |
40 yrs |
30 yrs |
15 yrs |
30 yrs |
|
Payment Term |
40 yrs |
30 yrs |
20 yrs |
15 yrs |
30 yrs |
30 yrs |
15 yrs |
30 yrs |
|
Estimated
Additional Prepaid Finance Charges |
$2000 |
$2000 |
$2000 |
$2000 |
$2500 |
$2500 |
$2500 |
$1700 |
|
Loan Amount |
$145000 |
$145000 |
$145000 |
$145000 |
$450000 |
$450000 |
$450000 |
$95000 |
|
Down Payment |
20.0% |
20.0% |
20.0% |
20.0% |
20.0% |
20.0% |
20.0% |
3.0% |
|
Upfront
Mortgage Insurance Premium |
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
$1425.00
|
|
Monthly
Principal & Interest Payment |
$836.04 |
$857.73 |
$1018.03 |
$1175.18 |
$2878.53 |
$3031.74 |
$3919.99 |
$617.48 |
|
Balloon Payment |
n/a
|
n/a
|
n/a
|
n/a
|
$248057.63
|
n/a
|
n/a
|
n/a
|
If the down payment
is less than 20%, mortgage insurance may be needed on
the loan. This could increase the monthly payment and
the APR.
Conforming – for
loan amounts not exceeding $417,000 ($625,500 in AK and
HI).
Jumbo – for loan amounts exceeding $417,000 ($625,500 in
AK and HI).
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