The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $240,000 and an estimated property value of $400,000. The property is located in Hyannis, MA and is within Barnstable county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 55 days and the assumed credit score is 740.

At a 3.875% initial interest rate, the APR for this loan type is 4.405%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

  • Closed end first position lien: Payment example does not include taxes and insurance, actual payment obligation may be greater.
  • For Adjustable Rate products, the interest rate may increase after consummation.