Rate Assumptions and APR Information

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Today's refinance rates are based on the refinance of a single-family, primary residence, a credit score of 740, and assumes the loan will have an escrow account and no cash out.

C Loans
5/1 ARM
IR 2.875%
AP 2.865%
$200,000.00
25.0%
30 yrs
5 yrs
5%
$829.79
FAI
(months 61-72)
2.750%
FAP
(months 61-72; excludes taxes and hazard insurance; total payment will be higher)
$818.00
FII
(months 73-360)
2.750%
FIP
(months 73-360; excludes taxes and hazard insurance; total payment will be higher)
$818.00
$4,418.00
n/a
Rates, terms, and fees as of 07/10/2020 10:53 AM Eastern Daylight Time and subject to change without notice.
The following table illustrates the minimum and maximum payments over the life of this loan example.

Projected Payments

Payment Calculation Years 1-5 Year 6 Year 7 Years 8-30
Principal & Interest $829.79
$774 min.
$1,024 max.
$774 min.
$1,233 max.
$774 min.
$1,341 max.
Mortgage Insurance + 0 + 0 + 0 + 0
Estimated Total Monthly Payment $829.79 $774-$1,024 $774-$1,233 $774-$1,341
Let's look at your refinance goals and options together.
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