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| 30 YEAR FIXED RATE |
| 20 YEAR FIXED RATE |
| 15 YEAR FIXED RATE |
Rates last updated on Tuesday, September 02, 2008
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30 YEAR FIXED RATE
THIS IS A 30 YEAR FIXED RATE MORTGAGE. IT IS THE NORMAL LOAN FOR MOST PURCHASERS WITH GOOD CREDIT. IT GIVES THE LOWEST MONTHLY PAYMENTS
Term: 30 years
Maximum Amount: $333,700
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| Rates | Points | APR |
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| 6.125% | 1% | 6.306% | | 6.25% | 0.5% | 6.384% | | 6.375% | 0% | 6.461% |
| | | THESE RATES HAVE ORIGINATION FEES ONLY AND NO DISCOUNT POINTS. IN OTHER WORDS, WHATS QUOTED IS WHAT YOU PAY. |
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20 YEAR FIXED RATE
THIS IS A 20 YEAR FIXED RATE MORTGAGE. IT WILL INCREASE YOUR MONTHLY PAYMENT OVER THE 30 YEAR BUT WILL SAVE YOU TEN'S OF THOUSANDS IN INTEREST
Term: 20 years
Maximum Amount: $333,700
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| Rates | Points | APR |
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| 6.125% | 1% | 6.365% | | 6.25% | 0.5% | 6.427% | | 6.375% | 0% | 6.489% |
| | | THESE RATES HAVE NO DISCOUNT POINTS. IN OTHER WORDS, WHAT YOU SEE IS WHAT YOU PAY. |
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15 YEAR FIXED RATE
THIS IS A 15 YEAR FIXED RATE MORTGAGE. IN MOST CASE THE HOUSE NOTE IS SIGNIFICANTLY HIGHER THEN THE 30 YEAR. THE SAVINGS ON THIS LOAN CAN BE INCREDIBLE.
Term: 15 years
Maximum Amount: $333,700
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| Rates | Points | APR |
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| 5.75% | 1% | 6.049% | | 5.875% | 0.5% | 6.095% | | 6% | 0% | 6.141% |
| | | THESE RATES ONLY HAVE ORIGINATION FEES AND NO DISCOUNT POINTS. WHAT YOU SEE IS WHAT YOU PAY IN POINTS. |
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $3,000. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $500,000 with closing costs of $3,250. Your actual APR may be different depending upon these factors.
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