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30-Year Fixed-Rate Purchase Mortgage Example:
*Assumptions. The monthly payment on a $270,000 30 year fixed-rate mortgage at an interest rate of 6.50% with a 90% loan-to-value (LTV) would be $1,706.59 with 2 points due at closing and an Annual Percentage Rate (APR) of 6.784%. Payment does not include taxes, insurance premiums and certain other fees that will result in a higher monthly payment. Assumptions are based on current market rates and other factors. Mortgage insurance may be required for LTV >80%. If mortgage insurance is required, it will increase the APR and monthly payment. Terms are subject to change without notice and may not be available at the time of application. Loan amount and other restrictions may apply in certain areas.