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Prosperity Mortgage
The mortgage rates apply only in certain conditions. The mortgage rates shown
on our Today's Rates page are the current rates for a single-family primary residence
based on 60-day lock.
Your loan's rate depends on several factors including financial market conditions,
specific characteristics of the loan transaction and your credit profile up to the
time of closing. For more information, please refer to the loan pricing disclosure.
Loan and APR Information for fixed-rate loans or adjustable-rate Loans.
Loan and APR Information for Fixed-rate Loans
as of 11/4/2009
11:29 AM Eastern | Conforming | Jumbo | |
30-Year Fixed
|
15-Year Fixed
|
30-Year Fixed
|
15-Year Fixed
| |
Interest Rate
| 5% | 4.375% | 5.75% | | |
Total Points
| 1 | 1 | 1 | | |
APR
| 5.178% | 4.678% | 5.913% | | |
Term
| 30 yrs | 15 yrs | 30 yrs | |
Estimated Additional
Prepaid Finance Charges
| $2,000 | $2,000 | $3,300 | | |
Loan Amount
|
$200,000 |
$200,000 |
$440,000 |
$NaN | |
Down Payment
| 20% | 20% | 25% | |
Monthly Principal &
Interest Payment
|
$1,074 |
$1,517 |
$2,568 |
$NaN |
If the down payment is less than 20%, mortgage insurance may be needed on the loan.
This could increase the monthly payment and the APR.
Conforming – for loan amounts not exceeding $417,000 ($625,500 in AK and HI). Jumbo
– for loan amounts exceeding $417,000 ($625,500 in AK and HI).
Loan and APR Information for Adjustable-rate Loans
as of 11/4/2009
11:29 AM Eastern | Conforming | Jumbo | FHA | |
5-Year ARM
|
10-Year ARM
|
5-Year ARM
|
10-Year ARM
|
1-Year ARM
| |
Interest Rate
| 3.625% | 4.75% | 5% | | | |
Total Points
| 1 | 1 | 1 | | | |
APR
| 4.008% | 5.16% | 5.793% | | | |
Term
| 30 yrs | 30 yrs | 30 yrs | | |
Estimated Additional
Prepaid Finance Charges
| $2,000 | $2,000 | $3,300 | | | |
Loan Amount
|
$200,000 |
$200,000 |
$440,000 |
$NaN |
$NaN | |
Down Payment
| 20% | 20% | 25% | | |
Upfront Mortgage
Insurance Premium
| N/A | N/A | N/A | | |
Initial Monthly Principal
& Interest Payment
|
$912 |
$1,043 |
$2,362 |
$NaN |
$NaN |
Time Initial Rate
is Fixed
| 5 yrs | 10 yrs | 5 yrs | | |
Adjustment after Initial
Period Expires
| Annual | Annual | Annual | | |
Maximum Lifetime Caps
Over/Under Original Rate
| 5% | 5% | 5% | | |
Earliest Year Maximum
Payment Could Apply
| 6th | 11th | 6th | | |
If the down payment is less than 20%, mortgage insurance may be needed on the loan.
This could increase the monthly payment and the APR.
For the FHA loan, a mortgage insurance payment has been added to the monthly principal
and interest payments displayed above.
At adjustment, your new mortgage rate on these ARMs will be the average weekly yield
on Treasury securities adjusted to a constant maturity of one year, plus a margin
of 2.75% (2.25% on the FHA 1-yr ARM), subject to annual and lifetime adjustment
caps.
Conforming – for loan amounts not exceeding $417,000 ($625,500 in AK and HI). Jumbo
– for loan amounts exceeding $417,000 ($625,500 in AK and HI).
Mortgage Calculators
Need help crunching the numbers? Please select one of the many useful
mortgage calculators here to assist you with assessing your financial needs.
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