The information provided is based on a $80,000 loan. The property is located in Dothan, Houston county in the State of AL. The property is an existing single family home and will be used as a primary residence. The rate lock period is 60 days and the assumed credit score is 740.This assumes that the total of all existing mortgages does not exceed 80.00 of the property value.

Interest Rate/APR: 5.000% rate calculated using Prime Rate as published in the Wall Street Journal (currently 0.000%), subject to increase. Interest rate will never be less than 3.750% regardless of the index noted above.
Payment: Minimum monthly payment during the first 10 year draw period will be 1% of outstanding balance with a minimum payment of $35, then principle and interest payments amortized over the remaining 144 months.
Term: 10 year draw period followed by 144 month repayment period.
Balance Due at End of Loan Term: If you make the minimum monthly payment during the term of your loan on or before the due date, the loan will be paid in full after the repayment period ends.
Closing Fees: $1,567.00
Annual Fee: $0.00