Mortgage Rates - Under 6%

3/3 ARM = 5.5%

3/3 ARM Example: Purchase Price $300,000. Down Payment $60,000; Loan Amount $240,000; Beginning Interest Rate 5.50%* APR 6.940% Estimated Closing Costs: $5,088.50** Estimated Prepaids: $3,150.00*** Total Estimate at Closing: $68,238.50 Estimated Principal & Interest: $1,362.69; Estimated Real Estate Taxes: $250. Estimated Homeowners Insurance Premium: $150; Total Estimated Payment: $1,762.69.

6/1 ARM = 5.75%

6/1 ARM Example: Purchase Price: $300,000; Down Payment: $30,000; Loan Amount: $270,000, Beginning Interest Rate 5.75%* ; APR 6.944%. Estimated Closing Costs: $5,388.50** Estimated Prepaids: $3,246.88*** Total Estimate at Closing: $38,365.38 Estimated Principal & Interest: $1,575.65 Estimated Real Estates Taxes: 250; Estimated Homeowners Insurance: $150.00; Estimated Private Mortgage Insurance: $85.50 total Estimated Payment: $2,061.15.

10/1 ARM = 5.99%

10/1 ARM Example: Purchase Price: $300,000. Down Payment: $15,000; Loan Amount: $285,000, Beginning Interest Rate 5.99%* APR 6.938% Estimated Closing Costs: $5,538.50 **Estimated Prepaids: $3,311.31 ***Total Estimate at Closing: $23,849.81 Estimated Principal & Interest: $1,706.89; Estimated Real Estate Taxes: $250.00 Estimated Homeowners Insurance: $150.00 Estimated Private Mortgage Insurance: $125.88 Total Estimated Payment: $2,232.77.

No Down Payment

No Down Payment / 6/1 ARM Example: Purchase Price: $300,00. Loan Amount: $300,000; Beginning Interest Rate 5.75%* APR 7.453% Estimated Closing Costs: $5,688.50** Estimated Prepaids: $3,318.75*** Total Estimate at Closing: $9,007.25; Estimated Principal & Interest: $1,750.72; Estimated Real Estate Taxes: $250.00; Estimated Homeowners Insurance: $150; Estimated Private Mortgage Insurance: $222.50 Total Estimated Payment: $2,373.22.

Please contact one of our Mortgage Lender Officers for more information.