|
30 Year Monthly Payment |
Minimum PaymentB |
Monthly SavingsC |
| Year 1 |
$0.00 |
$0.00 |
$0.00 |
| Year 2 |
$0.00 |
$0.00 |
$0.00 |
| Year 3 |
$0.00 |
$0.00 |
$0.00 |
| Year 4 |
$0.00 |
$0.00 |
$0.00 |
| Year 5 |
$0.00 |
$0.00 |
$0.00 |
|
| Monthly Payment Options |
| Interest Only |
$0.00 |
| 40 Year |
$0.00 |
| 20 Year |
$0.00 |
| 15 Year |
$0.00 |
|
A Initial minimum monthly payment is based on the starting rate.
B Minimum monthly payment will produce negative amortization which is added to the principal balance loan amount. The first 5 years minimum monthly payment will increase 7.5% over the previous year.
C Monthly savings is measured using the current Index plus margin. Rate increases or decreases are not calculated. Monthly savings compares the 30 year monthly payment to the minimum monthly payment.
D The effective interest rate is charged monthly and = to the index rate + margin. The index + margin yield can change monthly as the index rate changes. |
