Mortgage Rate Example

Editable Option Caption

Conventional Loan

rates-conventional table
Loan AmountInterest RateLoan Term in monthsPrincipal & Interest PaymentAPR
$100,000.004%360$477.424.274%
$100,000.004%240$605.984.261%
$100,000.004%180$739.694.4.277%

Home Equity Line of Credit

rates-heloc table
Loan AmountVariable RatePrime RatePaymentMonthly Payment Amount
$50,000.004%1% with a floor of 4% and max of 18%Principal x 1.25%$625.00