Adjustable Rate Mortgage (ARM)
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Purchase: 7/1 Adjustable Rate Mortgage (ARM)Apply Now
|Loan Type||Loan Type Interest Rate||APR||Discount Points||Ex: Loan Amount||Ex: Monthly Payment - 7 years||Ex: Monthly Payment - 23 years|
|7/1 ARM||7.625%, first 7 years; then 1 year CMT + 3.00 adjusted annually for years 8-30||8.057%||0.000||$300,000||$2,123.38||$3,074.85 maximum P&I payment over the remaining 23 years|
Interest Rates Effective: 11/30/2023
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