30-year fixed rate loans are one of the most popular mortgage options we offer and they guarantee you the lowest monthly payment of any fixed rate mortgage loan. The piece of mind of knowing your payment will never change is very reassuring when planning a long-term budget.
*Sample payment: Assumes credit score for borrower is 740 or higher and Loan to Value of 80% or less. At a 3.875% interest rate, the APR for this loan type is 3.996%. Rate is as of 6/16/17. Rates are subject to change. The payment schedule would be about 360 payments of $564.28 at an interest rate of 4.000%. This payment schedule is based on a $120,000 loan on a $150,000 for the purchase of a primary residence.
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.