Disclosures

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%.