Mortgage Rate Assumptions

Rates shown assume a purchase or rate term refinance. Rates may be higher for cash out refinance transactions.
Annual Percentage Rate (APR) calculations assume a purchase transaction for a single-family, detached, owner-occupied primary residence; a loan-to-value ratio of less than 75%; a minimum FICO score of 740; and a loan amount of $250,000 for conforming loans or a $550,000 for jumbo loans, unless otherwise specified.
Rates may improve for loan amounts between $250,000 and $424,000.
Rates are subject to change without notice.
Guaranteed rate with a 45 day rate lock.
Closing Costs assume the borrower’s monthly insurance payments and property tax are escrowed.
Rates are subject to underwriter approval; not all applicants will be approved.
Fees and charges apply.
Payments do not include insurance or taxes.
Rates based on New York property.
Mortgage insurance (MI) is not included in the payment quoted. MI will be required for all FHA and VA loans as well as conventional loans where the loan-to-value is greater than 80%.
Appraisal fee of $425 for a single family home.
Restrictions may apply.