Loan approval is subject to loan approval and program guidelines. Not all loan programs are available in all states for all loan amounts. The interest rate and terms of the program are subject to change without notice. Mortgage, equity and loan products are offered through the National Association of Banks in the United States. Deposit products are offered at the US National Association of Banks Member FDIC.
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Calculators are provided by Leadfusion. This calculator is provided for educational purposes only. Results are estimates based on information you provide and may not reflect the terms of US banking products. A US bank cannot use this information to determine whether a customer qualifies for a particular product or service. All financial calculators are provided by a third-party company, Leadfusion, and are not affiliated with, controlled by, or under the control of US Bank, its branches or affiliates. US Bank is not responsible for the content, performance or accuracy of the information.
1. The rates above assume you have a down payment or principal of at least 25% for a conventional fixed rate loan, adjustable rate mortgage (ARM) or jumbo loan, at least 3.5% for a FHA loan and 0% for a VA loan. .
Based on the Estimated Monthly Fixed Rate Payment and APR example:A loan amount of A$464,000 over 30 years at an interest rate of 6,500% with a 25% down payment or borrower principal and no discount points purchased will result in an estimated monthly principal and interest payment of $2,933 over the life of the loan. a loan with an annual percentage rate (APR) of 6.667%.
Estimated monthly fee and APR calculation are based on borrower's down payment or principal of 25% and borrower-paid finance charges of 0.862% of principal loan amount. If the borrower's down payment or principal is less than 20%, mortgage insurance may be required, which can increase the monthly payment and APR. The estimated monthly payment does not include amounts for taxes and insurance premiums, and the actual payment obligation will be higher.
Example of Estimated Monthly ARM Payment and APR:A loan amount of $464,000 for 30 years and an interest rate of 6.875% with a 25% borrower principal or down payment and no purchased discount credits would result in an estimated monthly principal and interest initial payment of $3,048 at a annual percentage rate (APR). ) of $7.488%.
The estimated monthly rate and APR calculation is based on a five-year fixed interest rate, which may change the interest rate every six months for the next 25-year loan term, a down payment, or borrower's principal from the loan. 25% and finance charges. paid by the borrower of 0.862% of the basic credit amount plus origination fees, if applicable. After the five-year introductory period: The APR is variable and is based on the index plus a margin. The APR will vary based on a predetermined rate called the Secure Overnight Funding Rate (SOFR). If the borrower's down payment or principal is less than 20%, mortgage insurance may be required, which can increase the monthly payment and APR. The estimated monthly rate does not include the amounts of taxes and insurance premiums. Variable loans and interest rates are subject to change during the life of the loan. This change may increase or decrease your monthly payment.
Example of FHA Estimated Monthly Payment and APR:A basic loan amount of $265,375 for 30 years at an interest rate of 6.250% with a 3.5% borrower principal or down payment and no purchased discount credits will result in an estimated monthly principal and interest payment of $1,663 over the life of the loan. life of the loan. a loan with an annual percentage rate (APR) of 7.478%.
Estimated monthly fee and APR calculation based on borrower's down payment or principal of 3.5% and borrower-paid finance charges of 0.862% of principal loan amount. The estimated monthly payment and APR assume the initial mortgage insurance premium of $4,644 is financed by the loan amount. The estimated monthly payment shown here does not include the monthly mortgage insurance premium, taxes or required FHA insurance premiums, and your actual payment commitment will be higher.
Example of Estimated Monthly Rate for VA and APR:A basic loan amount of $264,000 with a 30-year interest rate of 6.250% with no down payment or borrower principal and no purchased discount points will result in an estimated monthly payment of principal and interest of $1,663 over the life of the loan at an annual percentage. (TAE) amounting to 6.663%.
Estimated monthly fee and APR calculation are based on borrower's 0% down payment or principal and borrower-paid finance charges of 0.862% of principal loan amount plus initial fees, if applicable. The estimated monthly payment and APR assume the VA financing fee of $6,072 will be financed from the loan amount. The estimated monthly payment does not include amounts for taxes and insurance premiums, and the actual payment obligation will be higher.
Estimated Monthly Jumbo Payment and APR Example:A loan amount of $940,000 with a 30-year interest period of 5.625% with a 25% borrower principal or down payment and no discount points purchased will result in an estimated monthly principal and interest payment of $5,411 over the life of of the loan at the Annual Percentage Rate (APR) of 5.784%.
Estimated monthly fee and APR calculation are based on borrower's down payment or principal of 25% and borrower-paid finance charges of 0.862% of principal loan amount. If the borrower's down payment or principal is less than 20%, mortgage insurance may be required, which can increase the monthly payment and APR. The estimated monthly rate does not include the amounts of taxes and insurance premiums and the actual amount.the payment will be higher. Fees listed above
block rate,You must apply with a US bank and receive confirmation from your mortgage advisor that your rate is locked. You can apply by applying online or by meeting with a mortgage counselor.
minnesota real estate: To guarantee a rate, you must receive written confirmation as required by Minnesota Statute 47.206. This statement of current loan terms does not constitute an offer to enter into an interest rate or discount point agreement. Any such offer may only be made pursuant to Subsections 3 and 4, Minnesota Statutes, Section 47.206.
Compatible Fixed Rate Loans:Annual Percentage Rate (APR) calculation assumes a $464,000 term loan with a 25% down payment or borrower principal and borrower finance charges of 0.862% of the loan amount plus origination fees, if applicable . If the borrower's down payment or principal is less than 20%, mortgage insurance may be required, which can increase the monthly payment and APR. Conforming rates apply to loan amounts not to exceed $726,200 ($1,089,300 in AK and HI).
Compatible ARM Loans:Variable loans and interest rates are subject to change during the life of the loan. This change may increase or decrease your monthly payment. The APR calculation assumes a loan of $464,000 with a down payment of 25% or borrower's principal and finance charges paid by the borrower at 0.862% of the loan amount, plus origination fees, if applicable. If the borrower's down payment or principal is less than 20%, mortgage insurance may be required, which can increase the monthly payment and APR. Conforming rates apply to loan amounts not to exceed $726,200 ($1,089,300 in AK and HI).
Ineligible ARM Loans:Variable rate loans and rates may change over the life of the loan. This change may increase or decrease your monthly payment. The APR calculation assumes a $940,000 loan with a 25% down payment or borrower principal and borrower finance charges of 0.862% of the loan amount plus origination fees, if applicable. If the borrower's down payment or principal is less than 20%, mortgage insurance may be required, which can increase the monthly payment and APR. Default rates apply to loan amounts greater than $726,200 ($1,089,300 in AK and HI).
Giant Loans:The APR calculation assumes a $940,000 term loan with a 25% down payment or borrower's principal and borrower finance charges of 0.862% of the loan amount plus origination fees, if applicable. If the borrower's down payment or principal is less than 20%, mortgage insurance may be required, which can increase the monthly payment and APR. Jumbo rates apply to loan amounts over $726,200 ($1,089,300 in Alaska and Hawaii).
FHA Loans:The Annual Percentage Rate (APR) calculation assumes a $270,019 term loan ($265,375 base plus $4,644 initial mortgage insurance premium) with a 3.5% down payment or borrower's principal, a premium $176.30 monthly mortgage credit insurance and borrower finance charges of 0.862% of principal. Loan amount plus origination fees, if applicable.
VA Loans:Annual Percentage Rate (APR) calculation assumes a $270,072 term loan ($264,000 base plus $6,072 VA financing fee) with no down payment and no borrower-paid principal and finance charges at 0.862 % of base loan amount plus origination fees, if applicable. .
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