Product, Payment, APR, & Rate Example Scenarios

On this page you’ll find an examples scenarios for 30 year fixed rate programs listed on this website. The rate, APR, and monthly payment examples are for illustrative purposes only. Actual interest rates will vary from the example scenario as rates and terms change frequently. You will need to contact a licensed mortgage professional for the most -up-to-date pricing and product information. The example below is for a rate and term refinance loan of a stick built, single family, primary residence for a borrower with a 700 credit score. Some products may not be available in all areas and some restrictions may apply. 30 Year Fixed Rate Home Loan. The principal and interest payment (P&I) on a $175,000 30 year fixed rate home loans at an interest rate of 4.250% and 65% Loan-to-Value (LTV) is $860.89. The Annual Percentage Rate (APR) is 4.31% with $1200 in fees factored into the APR with zero discount or origination points. Payment does not include taxes and insurance premiums. No Private Mortgage Insurance (PMI) is required with 35% equity. 30 year mortgages require monthly payments for 360 months. Please note that this is an example scenario. Please contact a licensed mortgage professional for the most up-to-date rates and terms and to receive a personal estimate for your unique scenario. If you have any questions, you can reach out to us.