Definitions

Loan Balance: The initial loan amount you wish to finance.

Interest Rate: Please see the current interest rates for the latest rates.

Period: This is the length of the loan, which you can specify in years or months.

Points: The points specified in the mortgage program. See the current interest rates for rates and points.

Additional Finance Charges: The total cost of mortgage insurance or the sum of all your monthly insurance payments and tax service fee and flood certificate fees.

APR: The annual percentage rate (APR) which takes into account for the interest rate, points and mortgage insurance.

*This information is for your personal use. Although the script has been tested, the information provided is not guaranteed. Please verify any information with your loan officer.

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