Mortgage:
Terms | Down payment equity | Rate | Points | APR* | Discount Rate** | Discount Points | Discount APR* |
---|---|---|---|---|---|---|---|
15 Year | 5% | 6.375% | 0 | 6.657% | 6.125% | 0.5 | 6.504% |
20 Year | 5% | 6.625% | 0 | 6.854% | 6.375% | 0.5 | 6.674% |
30 Year | 5% | 6.875% | 0 | 7.053% | 6.625% | 0.5 | 6.862% |
* Annual Percentage Rate
** Best rate available at cfsbank.
Above APR’s assume a $100,000 loan amount for term stated with maximum LTV of 85%. Monthly payment example: 360 monthly payments of $6.57 per $1,000 borrowed at 6.875% Interest Rate with a corresponding 7.053% APR.
General Guidelines for Eligibility:
Terms | Down payment equity | Rate** | Points | APR* |
---|---|---|---|---|
30 Years | 5% | 6.625% | 0 | 6.825% |
* Annual Percentage Rate
** Best rate available at cfsbank.
Above APR’s assume a $100,000 loan amount for term stated with maximum LTV of 85%. Monthly payment example: 360 monthly payments of $6.40 per $1,000 borrowed at 6.625% interest rate with a corresponding 6.825% APR.