|
| |
|
|
|
|
Rate |
Points |
Annual percentage rate |
Monthly payment factors, principle and interest |
|
|
5/1 ARM loans (adjustable rate mortgages) to $275,000 |
|
|
|
|
|
|
30 |
years |
7.000% |
0 points |
7.77% |
APR |
$6.65 |
per $1,000 |
|
|
5/1 ARM loans (adjustable rate mortgages) from $275001 to
$650,000 |
|
|
|
|
|
30 |
years |
7.500% |
0 points |
7.79% |
APR |
$6.99 |
per $1,000 |
|
|
5/1 ARM loans (adjustable rate mortgages) greater than
$650,000 |
|
|
|
|
|
30 |
years |
7.625% |
0 points |
7.80% |
APR |
$7.08 |
per $1,000 |
|
|
|
|
|
|
|
|
|
|
|
* |
The 2-1-0 Buydown, not really an ARM loan but it starts a
lower rate, increases 1% in the second year and another 1% in the third
year. No more adjustments for the remainder of the loan. Primary residence
only. |
|
|
|
|
|
|
|
|
|
|
|
|
First year rate |
6.000% |
0 points |
8.04% |
APR |
$6.00 |
per $1,000 |
|
|
Second year rate |
7.000% |
|
|
|
$6.65 |
per $1,000 |
|
|
Years 3-30 |
8.000% |
|
|
|
$7.34 |
per $1,000 |
|
|
|
|
|
|
|
|
|
|
*
2-1- 0 Buy-down loan gives you a great starting rate without the risk of
the traditional ARM loan.
AmTrust Bank mortgage loan office located at 9955 N. Tamiami Trail, Suite 2,
Naples FL 34108
Calculating
your monthly payment: Divide your loan amount by $1,000, and
multiply your results by the principal & interest monthly
payment figure found in the last column of the rate chart. Rates
listed are presumed to be for single family and owner occupied
residences only. Until the rate is locked-in, it is subject to
change without notice. Rates and APRs may change depending on the
loan amount, points, down payment, product, credit, and property
occupancy. Rate and APRs are shown as a 45 day lock-in rate. ARM
rates are based on a 30 year term loan. Other factors may affect
the rate and APR. Variable rates are subject to increase during
the loan term. The payment examples are estimated figures.
This is my personal web
site, not the official web site of AmTrust Bank or Ohio Savings Bank
These loans are sold on the secondary market and
may differ from quotes on bank held mortgages
AmTrust
AmTrust Bank
FDIC A
Division of Ohio Savings Bank
INSURED
|