Disclosures

30 Year Fixed: Loan amount $300,000, 20% down, monthly payment without taxes and insurance $1,475.00, APR 4.389%.

15 Year Fixed: Loan amount $300,000, 20% down, monthly payment without taxes and insurance $2,256.84, APR 4.495%.

FHA: Loan amount $300,000, 3.5% down, monthly payment with mortgage insurance but without taxes and homeowners insurance. $1,712.74, APR 5.395%,                      FHA monthly MI is $211.00. 

VA: Loan amount $300,000, 0% down, monthly payment without taxes and insurance $1,844.77 APR 4.432%.

USDA: Loan amount $300,000, 0% down, monthly payment without taxes and insurance $1,475.82, APR 4.388%.

10 Year Interest Only: Loan amount $300,000, 20% down, monthly payment without taxes and insurance $1,062.50, APR 6.232% *The initial payment period                     is applied only to interest. After 10 years payments are made on the principal. 

5/1 ARM: Loan amount $300,000, 20% down, monthly payment without taxes and insurance $1,475.82, APR 7.143% *The payment or rate is subject to                                   adjustment after 5 years. The rate may vary or payment may increase after this period.  

7/1 ARM: Loan amount $300,000, 20% down, monthly payment without taxes and insurance $1,475.82, APR 6.816% *The payment or rate is subject to                                   adjustment after 7 years. The rate may vary or payment may increase after this period.  

10/1 ARM: Loan amount $300,000, 20% down, monthly payment without taxes and insurance $1,475.82, APR 6.148% *The payment or rate is subject to                               adjustment after 10 years. The rate may vary or payment may increase after this period.  

Jumbo 30 Year Fixed: Loan amount $500,000, 20% down, monthly payment without taxes and insurance $2,459.70, APR 4.360%.

Bridge: Loan amount $150,000, no down, 6 month term, monthly payment without taxes and insurance (deferred), 1 balloon payment of $152,180.59 due on 6th                           month, APR 8.516%.