Below are the details of the rate and payment that will apply over the term of the loan. The payments do not include amounts for taxes and insurance. A current reasonable index and margin were used to show potential future rate and/or payment changes.



Monthly Payment Schedule*

• 60 payments of $454.75 at an interest rate of 2.99%
• 299 payments of $448.78 at an interest rate of 2.87%
• 1 payment of $450.88 at an interest rate of 2.87%

Product Features

• Rate Caps - 2% per annual adjustment and 6% over the lifetime of the loan
• Rate floor - 2.75%
• Index - 1 yr. t-bill rate
• Margin - 2.75%

*Assuming the purpose of the loan is to purchase property, the monthly payment calculations are based on a loan amount of $108,000 with an estimated property value of $135,000.