At a {{prd.Rate | number:3}}% initial interest rate, the APR for this loan type is {{prd.Apr | number:3}}%, subject to increase. Based on current market conditions, the payment schedule would be:
- {{sch.Count}} payment{{sch.Count>1 ? 's' : ''}} of {{sch.Amount | currency:currencySymbol}} at an interest rate of {{sch.Rate | number:3}}%
This payment schedule is based on a {{ LoanAmount | currency:currencySymbol }} loan on a {{PurchasePrice | currency:currencySymbol}}
property in {{County.Selected.label}} County, {{States.Selected.label}}.
The payment amount quoted contains the amount required to pay back your loan, also known as "principal and interest" as well as the mortgage insurance premium.
Generally, mortgage insurance is required if you are making a downpayment of less than 20% of the home's value or purchase price.
- Payment: {{ prd.PrincipalAndInterest | currency:currencySymbol }}
- Mortgage Insurance Premium: {{ prd.MonthlyMI | currency:currencySymbol }}
- Total {{ prd.TotalPayment | currency:currencySymbol }}
If an escrow account is required or requested, the actual payment will also include amounts for real estate taxes and homeowner's insurance premiums.