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: Sample scenarios for products listed on TXMortgageGroup.com
Examples of mortgage products and scenarios listed on TXMortgageGroup.com
*30-Year Fixed-Rate Mortgage: The payment on a $200,000 30-year
Fixed-Rate Loan at 5.00% and 70% loan-to-value (LTV) is $1073.64.
The Annual Percentage Rate (APR) is 5.170%. Payment does not
include taxes and insurance premiums.
*15-Year Fixed-Rate Mortgage: The payment on a $200,000 15-year
Fixed-Rate Loan at 4.50% and 70% loan-to-value (LTV) is $1529.99.
The Annual Percentage Rate (APR) is 4.787%. Payment does not
include taxes and insurance premiums.
*FHA Loan: Rate is fixed. The payment on a $204,250, 30-year
fixed rate loan at 5.00% and 90% loan-to-value (LTV) is $1248.79.
Payment includes a one time upfront mortgage insurance premium
(MIP) at 1.0% of the base loan amount and a monthly MIP calculated
at 0.90% of the base loan amount. The 0.90% monthly MIP will
be paid until the loan reaches 78% LTV, provided the MIP has
been paid for a minimum of 5 years. Thereafter, the monthly
loan payment will consist of equal monthly principal and interest
payments until the end of the loan. Payment does not include
taxes and insurance premiums. The actual payment amount will
be greater. The Annual Percentage Rate (APR) is 5.756%.
*30-year Fixed-Rate VA Loan: Rate is fixed. The payment on
a $200,000 30-year fixed-rate loan at 5.00% and 90% loan-to-value
(LTV) is $1100.65. The Annual Percentage Rate (APR) is 5.169%.
Payment does not include taxes and insurance premiums. The
actual payment amount will be greater. VA loans do not require
PMI. The VA loan is a benefit of military service and only
offered to veterans, surviving spouses and active duty military.
*Adjustable-Rate Mortgage: The payment on a 30-year $200,000
5-year Adjustable-Rate Loan at 4.50% and 70% loan-to-value
(LTV) is $1013.37. After 5 years, the principal and interest
will increase or decrease based upon the value of the predetermined
index. Payment does not include taxes and insurance premiums.
The Annual Percentage Rate (APR) is 7.625%. Rate is variable.
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