Looking to buy that home you plan on staying in for the next seven years or longer? The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change which are great for those looking to lay some roots down.
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APR is the Annual Percentage Rate based on excellent credit and 80% LTV. Your actual rate may vary based on your factors. All loans subject to credit and property approval. Subject to change without notice.
The rates provided assume the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in zip code 78732. The property is an existing single family home and will be used as a primary residence. The rate lock period is 45 days and the assumed credit score is 740.
A mortgage of $200,000 for 30 years at 4.71% APR requires a P&I payment of $1,038 per month. Taxes and insurance for escrow payment are not included; your actual payment obligation will be higher. Assumes closing costs paid out of pocket and tax and insurance escrow account created.
** Amplify’s performance record for closing real estate loans starting from loan application (assuming a completed loan package has been submitted, including an executed purchase contract, if needed) to loan closing. Events outside of Amplify’s control, including but not limited to; appraised values, escrow or title delays, or weather-related issues may prolong the process. Your experience may vary.