Our locally based mortgage experts are ready to help you find the right mortgage for the home that's right for you.
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Meet our 10 / 1 ARM
10 / 1 ARM
Rate for months 1-120 |
Rate for months 121-360 |
APR | Payment Example | |
Initial Monthly Principal & Interest Payment | Fully Indexed Principal & Interest Payment | |||
3.500% | 4.000% Variable Rate | 3.678% | $3,367.87 For months 1-120 |
$3,496.28 For months 121-360 |
Please note:
Rates shown based on index and margin in effect 11/29/17. Your rates may be different and may increase after initial 10 years. Payment amounts shown do not include required property taxes and insurance. Your total monthly obligation will be greater. Lifetime cap 5%, first adjustment cap 5%, 2% annual caps thereafter.
Example based on a loan of $750,000 for the purchase of a primary residence with loan-to-value (LTV) of 70% and excellent credit history. Maximum LTV 75%.
All rates and terms are effective as of 11/29/17 and may change at any time. Your APR may be higher based on credit and property approval. Subject to credit approval.