First Mortgage Assumptions
- Annual Percentage Rate (APR) assumes residential
property is a single-family, detached, owner-occupied, primary residence; loan-to-value
percentage of less than 80%; a credit score of at least 731; a loan amount
of $251,000 for conforming loans, unless specified.
- APR calculation includes 15 days prepaid
interest.
- Annual Percentage Rate (APR) assumes no
subordinate or secondary financing and the borrower will provide complete
income documentation.
- Monthly Payment per $1,000 and Monthly Payment
calculations include principal and interest ONLY. Private Mortgage
Insurance (PMI), hazard insurance, property taxes, state taxes, mortgage
taxes, homeowner's association dues, and any other ongoing costs are not
included.
- In a refinance transaction, Whatarerates.com
does not pay reconveyance fees that are charged
by the borrower's current lender for the reconveyance
of the deed of trust. This includes but is not limited to reconveyance, demand and recording fees.
- Rates may potentially be higher for loan amounts
under $100,000 and over $750,000. Please contact Whatarerates.com for
details.
- Rates are subject to change without notice.
- Closing Costs assume borrower escrow of monthly
property tax and homeowner’s insurance payments.
- Restrictions may apply.
- Subject to underwriter approval; not all
applicants will be approved.
- Fees and charges apply.
- Taxes and insurance are additional.
- For refinances, the Annual Percentage Rate (APR)
calculations assume a rate and term loan.
- Available first mortgage rates and fees may vary.
Home Equity Loan
- Annual Percentage Rate (APR) assumes 15 days
prepaid interest.
- Annual Percentage Rate (APR) assumes borrower
will provide full income documentation.
- Payment calculations include principal and
interest ONLY. Private Mortgage Insurance (PMI), hazard insurance,
property taxes, state taxes, mortgage taxes, homeowner's association dues,
and any other ongoing costs are not included.
- Total debt ratio of less than 45%.
- Rates are subject to change without notice.
- Restrictions may apply.
- Subject to underwriter approval. Not all applicants will be
approved.
- Fees and charges apply.
- Loan amounts greater than $25,000.
- Fico score of 720 or higher.
- Taxes and insurance are in addition.
