Mortgage:
Terms | Down payment equity | Rate** | Points | APR* |
---|---|---|---|---|
15 Year | 5% | 5.500% | 0 | 5.654% |
20 Year | 5% | 5.750% | 0 | 5.875% |
30 Year | 5% | 6.000% | 0 | 6.096% |
* Annual Percentage Rate
** Best rate available at cfsbank.
Above APR’s assume a $100,000 loan amount for term stated with maximum LTV of 85%. Monthly payment example: 360 monthly payments of $6.00 per $1,000 borrowed at 6.000% Interest Rate with a corresponding 6.096% APR.
General Guidelines for Eligibility:
Terms | Down payment equity | Rate** | Points | APR* |
---|---|---|---|---|
30 Years | 5% | 5.750% | 0 | 5.843% |
* Annual Percentage Rate
** Best rate available at cfsbank.
Above APR’s assume a $100,000 loan amount for term stated with maximum LTV of 85%. Monthly payment example: 360 monthly payments of $5.84 per $1,000 borrowed at 5.750% interest rate with a corresponding 5.843% APR.