APR = Annual Percentage Rate. Rate based on $500,000 loan amount, 100% loan-to-value, 700 credit score, purchase of primary single-family residence (no cash out). At 8.017% APR for a 30 year term, the payment schedule would be 360 fixed monthly payments of $3,410.88. The payment schedule would be:
- 120 monthly payments of $3,806.71
- 44 monthly payments of $3,494.21
- 195 monthly payments $3,410.88
- 1 monthly payment of $3,412.70