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Mortgage Rates, Assumption and APR Information
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Rates as of: 7/28/2020 |
Conforming Loan |
|
|
30 Year Fixed |
20 Year Fixed |
15 Year Fixed |
10 Year Balloon |
|
Interest Rate |
2.625% |
2.625% |
2.250% |
3.250% |
|
Annual Percentage Rate (APR) |
2.702% |
2.735% |
2.392% |
3.381% |
|
Payment Term |
30 Years |
20 Years |
15 Years |
10 Years |
|
Purchase Price |
$220,000 |
$220,000 |
$220,000 |
$220,000 |
|
Loan Amount |
$176,000 |
$176,000 |
$176,000 |
$176,000 |
|
Down Payment |
20% |
20% |
20% |
20% |
|
Monthly Principal & Interest* |
$706.90 |
$943.38
|
$1,152.95 |
$765.96**
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*Your actual monthly payment will be higher if escrowing for mortgage insurance, property taxes or homeowners insurance.
**Principal and Interest Payments (P&I) - 120 monthly of $765.96 (payment based on 30 year amortization) - 121st payment will be $135,810.27. Important Notices: The interest rates and APRs are subject to change without notice. Your APR will vary based on your final loan amount and finance charges.
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