Mortgage Loan Product Assumptions
Assumptions
7, 10, 15, 20 & 30 Year Fixed Rate
- Annual Percentage Rate (APR). Rates disclosed with an * are the lowest rates available and may vary depending on each individual’s credit history and underwriting factors at time of application.
- Rates are calculated on a $200,000 mortgage amount and a 6% interest rate. Rate listed is for a first-lien purchase money mortgage on owner occupied single family detached primary residence only. Payment estimates assume a loan to value of 75% or lower for this product.
- Using these assumptions, the estimated monthly payment for these products is:
| 7 Year | 10 Year | 15 Year | 20 Year | 25 Year | 30 Year | |
| Total Number of Payments | 84 | 120 | 180 | 240 | 300 | 360 |
| Monthly Payment | $2,910 | $1,220 | $1,701 | $1,462 | $1,1335 | $1,264 |
- Monthly payment estimate includes principal and interest. Estimated payments do not include amounts for mortgage insurance premiums or payments escrowed for taxes and/or insurance, and the actual payment obligation may be higher.
- Not all applicants will qualify. Programs, rates, terms and conditions are subject to change without notice. Other restrictions may apply.
15, 20, 25 & 30 Year 3% Down
- Annual Percentage Rate (APR). Rates disclosed with an * are the lowest rates available and may vary depending on each individual’s credit history and underwriting factors at time of application.
- Rates are calculated on a $200,000 mortgage amount and a 6% interest rate. Rate listed is for a first-lien purchase money mortgage on owner occupied single family detached primary residence only. Payment estimates assume a loan to value of 97% or lower for this product.
- Using these assumptions, the estimated monthly payment for these products is:
| 15 Year | 20 Year | 25 Year | 30 Year | |
| Total Number of Payments | 180 | 240 | 300 | 360 |
| Monthly Payment | $1,518.94 | $1,289.58 | $1,159.74 | $1,079.19 |
- Monthly payment estimate includes principal and interest. Estimated payments do not include amounts for mortgage insurance premiums or payments escrowed for taxes and/or insurance, and the actual payment obligation may be higher.
- Not all applicants will qualify. Programs, rates, terms and conditions are subject to change without notice. Other restrictions may apply.
7, 10, 15 & 30 Year 100% LTV Special
- Annual Percentage Rate (APR). Rates disclosed with an * are the lowest rates available and may vary depending on each individual’s credit history and underwriting factors at time of application.
- Rates are calculated on a $200,000 mortgage amount and a 6% interest rate. Rate listed is for a first-lien purchase money mortgage on owner occupied single family detached primary residence only. Payment estimates assume a loan to value of 100% or lower for this product. Minimum credit score of 680 is required for the 7 & 10 year products and a minimum score of 740 is required for the 15 & 30 year products.
- Using these assumptions, the estimated monthly payment for these products is:
| 7 Year | 10 Year | 15 Year | 30 Year | |
| Total Number of Payments | 84 | 120 | 180 | 360 |
| Monthly Payment | $2,922 | $1,233 | $1,784 | $1,398 |
- Monthly payment estimate includes principal and interest. Estimated payments do not include amounts for mortgage insurance premiums or payments escrowed for taxes and/or insurance, and the actual payment obligation may be higher.
- Not all applicants will qualify. Programs, rates, terms and conditions are subject to change without notice. Other restrictions may apply.
10, 15, 20 & 30 Year Jumbo
- Annual Percentage Rate (APR). Rates disclosed with an * are the lowest rates available and may vary depending on each individual’s credit history and underwriting factors at time of application.
- Payments are calculated on a $806,500 mortgage amount and an 8% interest rate. Rate listed is for a first-lien purchase money mortgage on owner occupied single family detached primary residence only. Payment estimates assume a loan to value of 75% or lower for this product.
- Using these assumptions, the estimated monthly payment for these products is:
| 10 Year | 15 Year | 20 Year | 30 Year | |
| Total Number of Payments | 120 | 180 | 240 | 360 |
| Monthly Payment | $9,300.37 | $7,325.55 | $6,411.73 | $5,624.67 |
- Monthly payment estimate includes principal and interest. Estimated payments do not include amounts for mortgage insurance premiums or payments escrowed for taxes and/or insurance, and the actual payment obligation may be higher.
- Not all applicants will qualify. Programs, rates, terms and conditions are subject to change without notice. Other restrictions may apply.
15, 20, 30 Year Physician Mortgage
- Annual Percentage Rate (APR). Rates disclosed with an * are the lowest rates available and may vary depending on each individual’s credit history and underwriting factors at time of application.
- Rates are calculated on a $200,000 mortgage amount and a 6% interest rate. Rate listed is for a first-lien purchase money mortgage on owner occupied single family detached primary residence only. Payment estimates assume a loan to value of 100% or lower for this product. Loan amounts over $1,000,000 require an LTV of 90% or lower.
- Using these assumptions, the estimated monthly payment for these products is:
| 15 Year | 20 Year | 30 Year | |
| Total Number of Payments | 180 | 240 | 360 |
| Monthly Payment | $1,756 | $1,521 | $1,331 |
- Monthly payment estimate includes principal and interest. Estimated payments do not include amounts for mortgage insurance premiums or payments escrowed for taxes and/or insurance, and the actual payment obligation may be higher.
- Not all applicants will qualify. Programs, rates, terms and conditions are subject to change without notice. Other restrictions may apply.