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||6.000%, first 7 years; then 1 year CMT + 3.00 adjusted annually for years 8-30||6.289%||0.500||$300,000||$1,798.65||$2,681.00 maximum P&I payment over the remaining 23 years|
Interest Rates Effective: 12/01/2022
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