The information provided assumes the purpose of the loan is to purchase a property with an 80% loan to value. For this example, purchase price is assumed to be $375,000 with a loan of $300,000. The property is located in the Lowell Five lending area. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 60 days.

At a 4.125% initial interest rate, the APR for this loan type is 4.399%, 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 flood insurance if applicable.