5/1 ARM

Rate based on $300,000 loan amount, 60% loan-to-value, 700 credit score, rate/term refinance of primary single-family residence (no cash out). The initial APR is 4.035% for 60 months, subject to increase thereafter. Based on current market conditions, the monthly payment schedule would be:

  • 60 monthly payments of $1,185.36
  • 12 monthly payments of $1,468.66
  • 287 payments of $1,523.65
  • 1 monthly payment of $1,525.41

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
NMLS #445243