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Strategies & Market Trends : Galapagos Islands
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To: Jorj X Mckie who wrote (28967)2/25/2003 12:33:09 PM
From: Augustus Gloop  Read Replies (1) of 57110
 
Convertible Variable Rate Mortgages
Type Rate APR* Points
1 Year 4.100% 4.16% 0.0 Total Points
3 Year 4.350% 4.43% 0.0 Total Points
5 Year 4.950% 5.03% 0.0 Total Points

* Annual Percentage Rate (APR) based on $50,000. 20% down payment. 30 year term. Monthly P&I payment of $241.60 for 1 year ($248.91 for 3 year and $266.88 for 5 year) adjustable rate loan closing first day of month. Rates subject to increase after consummation. Rates and terms subject to change.

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Fixed Rate Mortgages
Term Rate APR* Points
10 Year 5.100% 5.22% 0.0 Total Points

15 Year 5.15% 5.24% 0.0 Total Points
20 Year 5.65% 5.72% 0.0 Total Points
30 Year 5.80% 5.85% 0.0 Total Points

* APR based on $50,000. 20% down payment. Monthly P&I payment of $293.38 for 30 year ($348.19 for 20 year, $399.31 for 15 year and $532.77 for 10 year)term loan closing first day of month. Rates and terms subject to change.

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WHEDA
Term Rate APR* Points
30 Year 5.375% 5.46% 0.0 Total Points

WHEDA Homebuyer Information
* APR based on $50,000. 20% down payment. 30 year term. Monthly P&I payment of $279.99 for 30 year loan closing first day of month. Rates and terms subject to change.
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