TERM
RATE*
25 YR AM**
30 YR AM**
35 YR AM**
12 month convertible
2.65%
4.55
4.02
3.65
1 year open
6.55%
6.73
6.30
6.02
1 year closed
2.49%
4.48
3.94
3.57
2 years closed
3.55%
5.02
4.51
4.15
3 years closed
3.85%
5.18
4.68
4.33
4 years closed
4.29%
5.42
4.93
4.59
5 years closed
4.24%*
5.40
4.90
4.56
7 years closed
4.90%
5.76
5.19
4.96
10 years closed
5.55%
6.14
5.67
5.37
Prime rate
2.25%
Zero down – 5% Cash Back Option
6.25%
6.55
6.11
5.82
*Rates are discounted by at least 1% and are subject to change without notice. Clients must meet discretionary pricing requirements. **Payment Factors: Multiply mortgage amount (per thousand) by “x” YR AM to calculate monthly mortgage payment.
i.e. – $200,000 mortgage at 5 year fixed w/35 yr amortization; calculation as follows; 200 multiplied by 4.24 = $848/month.
Shant Kaltakjian | Mortgage Professional