Home Page About Us Rates Loan Officers Apply Online Calculators Custom Quote Products Home Value Finder Resource Center Rate Watch Contact Us	APR EXAMPLES The following are representative examples of products available. We will be happy to provide you with specific information on your transaction upon your request. Conventional Fixed Rate Mortgages Jumbo Mortgages Adjustable Rate Mortgages (ARM) Mortgages For Special Needs FHA/VA Mortgages The following Annual Percentage Rate (APR) examples are for a typical transaction and are only examples. We will be happy to provide you with a specific APR for your transaction. Conventional Fixed Rate Mortgages Conventional Fixed Rate 30-Year Example The example below assumes a sales price of $164,000, a loan amount of $150,000 and a down payment of $14,000. The simple interest rate for the example is 6.250% with a .375% discount points. Monthly private mortgage insurance ("PMI") is assumed for this loan. This is only an example. Please contact your local office for the current interest rates. Annual Percentage Rate:6.9589% Payments include principal, interest and PMI: 114 @ $1,021.08 246 @ $923.58 Jumbo Mortgages Jumbo 30-Year Fixed Rate Mortgage This example assumes a sales price of $625,000, a loan amount of $500,000 and a down payment of $125,000. The simple interest rate for the example is 6.375% and .125% discount points. This is only an example. Please contact your local office for the current rates available. Annual Percentage Rate:6.4917% Payments include principal, interest: 360 @ $3,119.35 Adjustable Rate Mortgages (ARM) Back To Top The following APR calculations are only examples. We will be happy to provide you with a specific APR for your transaction upon your request. Portfolio 5/1 LIBOR ARM 30-Year Term The example below assumes a sales price of $300,000, a loan amount of $267,800 and a down payment of $32,200. The example assumes an initial interest rate of 6.375%, a fully index-based rate of 7.625%, and no discount points. Monthly private mortgage insurance ("PMI") is assumed for this loan. This is only an example. Please contact your local office for the current rate available. Due to the variable interest rate feature, the annual percentage rate is subject to increase after loan closing. Annual Percentage Rate: Payments include principal, interest and PMI: 7.7524% 60 @ $1,844.80 50 @ $2,044.37 250 @ $1,870.30 Portfolio 5/1 LIBOR ARM Interest Only, 30-Year Term The example below assumes a sales price of $300,000, a loan amount of $267,800 and a down payment of $32,200. The example assumes an initial interest rate of 6.375%, a fully index-based rate of 7.625%, and no discount points. Monthly private mortgage insurance ("PMI") is assumed for this loan. This is only an example. Please contact your local office for the current rate available. Due to the variable interest rate feature, the annual percentage rate is subject to increase after loan closing. Annual Percentage Rate:7.7932% Payments include: 60 @ $1,596.76 (interest & PMI) 60 @ $1,875.72 (interest & PMI) 59 @ $2,222.53 (principal & interest & PMI) 181 @ $2,177.90 (principal & interest) Mortgages For Special Needs Back To Top The following APR calculations are only examples. We will be happy to provide you with a specific APR for your transaction upon your request. 36 Month Interest Only Lot Loan The example below assumes a sales price of $159,900, a loan amount of $140,000 and a down payment of $19,900. The term of the loan is 36 months with interest only payments. The simple interest rate for the example is 7.875% and no discount points. This is only an example. Please contact your local office for the current rate available. Annual Percentage Rate:8.3700% Payments include interest only: 35 @ $918.75 (interest only) 1 @ $140,918.75 SunTrust Combo 100% LTV This example assumes a sales price of $186,200, a first mortgage of $148,900 and a second mortgage of $37,300 with no down payment. The simple interest rate for the first mortgage is 7.000% and no discount points. The second mortgage interest rate is 8.875% and .125%. This is only an example. Please contact your local office for additional information on the current available rate. First Mortgage Annual Percentage Rate:7.1050% Payments include principal and interest:360 @ $990.64 Second Mortgage Annual Percentage Rate:9.1395% Payments include principal and interest: 360 @ $296.78 FHA/VA Mortgages Back To Top The following APR calculations are only examples. We will be happy to provide you with a specific APR for your transaction upon your request. FHA Fixed Rate 30-Year Loan (Federal Housing Administration) The example below assumes a sales price of $133,900, a loan amount of $128,905 and a down payment of $4,995. The simple interest rate for the example is 6.375% and discount points. Monthly mortgage insurance premiums ("MIP") are assumed for this loan as well as a financed up front MIP. This is only an example. Please contact your local office for the current rate available. Annual Percentage Rate:6.7665% Payments include principal, interest and MIP: 7.0138% 139 @ $869.69 to $859.93 221 @ $816.26 VA Fixed Rate Loans (Veteran's Administration) The example below assumes a sales price of $157,000, a loan amount of $151,742 and a down payment of $5,258 and a financed VA Funding Fee. The simple interest rate for the example is 6.375% and no discount points. This is only an example. Please contact your local office for the current rate available. Annual Percentage Rate: Payments include principal and interest: 6.7024% 360 @ $967.03
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