Mortgage Disclosures
Please review the following purchase loan mortgage disclosure examples.
30-YEAR FIXED EXAMPLE
At a 7.500% interest rate, the APR for this loan type is 7.568%. The monthly payment schedule would be:
- 359 payments of $1,048.82 at an interest rate of 7.500%
- 1 payment of $1,049.51 at an interest rate of 7.500%
This payment schedule is based on a $150,000 loan on a $250,000 property in Seneca County, OH.
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.
20-YEAR FIXED EXAMPLE
At a 7.375% interest rate, the APR for this loan type is 7.462%. The monthly payment schedule would be:
- 239 payments of $1,196.95 at an interest rate of 7.375%
- 1 payment of $1,197.23 at an interest rate of 7.375%
This payment schedule is based on a $150,000 loan on a $250,000 property in Seneca County, OH.
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.
15-YEAR FIXED EXAMPLE
At a 6.500% interest rate, the APR for this loan type is 6.605%. The monthly payment schedule would be:
- 179 payments of $1,306.66 at an interest rate of 6.500%
- 1 payment of $1,306.86 at an interest rate of 6.500%
This payment schedule is based on a $150,000 loan on a $250,000 property in Seneca County, OH.
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.
10-YEAR FIXED EXAMPLE
At a 6.375% interest rate, the APR for this loan type is 6.521%. The monthly payment schedule would be:
- 119 payments of $1,693.70 at an interest rate of 6.375%
- 1 payment of $1,693.10 at an interest rate of 6.375%
This payment schedule is based on a $150,000 loan on a $250,000 property in Seneca County, OH.
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.
Other Mortgage Disclosures
Please note that the interest rate and fees shown here are available to borrowers with an excellent credit history. The actual interest rate and fees available to you will be based on your credit history and may be different than the rates displayed here. Payments do not include amounts for taxes and insurance premiums; the actual payment obligation will be greater. Rates are subject to change without notice.