NMLS#1838215
Give us a call at 303.779.0591
The list below is not exhaustive and provides general examples as of January 2023, a 720 credit score and a 1% discount point. Please contact your Mortgage Maestro Group loan advisor for specific loan scenario questions.
Conventional 30-Year Fixed:
Loan amount $400,000, 20% down, monthly payment without taxes and insurance $2,480, APR 6.437%.
Conventional 15-Year Fixed:
Loan amount $400,000, 20% down, monthly payment without taxes and insurance $3,190, APR 5.325%.
FHA:
Loan amount $400,000, 3.5% down, monthly payment with mortgage insurance but without taxes and homeowners insurance. $2,563, APR 6.517%, FHA monthly MI is $282.
VA:
Loan amount $400,000, 0% down, monthly payment without taxes and insurance $2,313 APR 5.788%.
USDA:
Loan amount $400,000, 0% down, monthly payment with USDA monthly fee but without taxes and insurance $2,404, APR 6.039%.
10-Year Interest Only:
Loan amount $400,000, 20% down, monthly payment without taxes and insurance $2,834, APR 8.634% *The initial payment period is applied only to interest. After 10 years, payments are made on the principal.
5/6 SOFR ARM:
Loan amount $400,000, 20% down, monthly payment without taxes and insurance $2,600, APR 6.899% *The payment or rate is subject to adjustment after 5 years. The rate may vary or payment may increase after this period.
7/6 SOFR ARM:
Loan amount $400,000, 20% down, monthly payment without taxes and insurance $2,557, APR 6.734% *The payment or rate is subject to adjustment after 7 years. The rate may vary or payment may increase after this period.
10/6 SOFR ARM:
Loan amount $400,000, 20% down, monthly payment without taxes and insurance $2,610, APR 6.937% *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 $800,000, 20% down, monthly payment without taxes and insurance $5,057, APR 6.612%.
Bridge:
Loan amount $250,000, no down, 6-month term, monthly payment without taxes and insurance (deferred), 1 balloon payment of approx.. $253,635 due on 6th month, APR 12.076%.
Licensed in Colorado as Maestro LLC (DBA Mortgage Maestro Group) is an Equal Housing Lender.
Consumers wishing to file a complaint against a company or a residential Mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the Department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.
Home Mortgage Disclosure Act Notice. The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website.
