Property Search Contact Us Home  
 

Mortgage Resources

Featured Tools

Loan Info

Company Info

Other Services

Payment Option ARM Calculator


Loan Amount: $
Start Rate1: %
 
Current Index: %
Margin: %



  30 Yr Monthly Payment Minimum Payment2 Monthly Savings3
Year 1 $0.00 $0.00 $0.00
Year 2 $0.00 $0.00 $0.00
Year 3 $0.00 $0.00 $0.00
Year 4 $0.00 $0.00 $0.00
Year 5 $0.00 $0.00 $0.00

Other Payment Options
Interest Only Payment: $2,134.17
40 Year Payment: $0.00
15 Year Payment: $0.00

Effective Interest Rate4 (Index + Margin): 5.122% 

Assumptions:

1 The low initial Minimum Monthly Payment is calculated based on the low initial start rate. Rates are for calculation purposes only, please call your loan officer for rate quotes.

2 Paying the Minimum Monthly Payment will result in deferred interest, which will be added to the principal balance and increase your loan amount. This is called negative amortization. For the first 5 years the minimum payment will increase 7.5% over the previous year.

3 The Monthly Savings is calculated using the current Index + Margin. Rate increases or decreases are not computed. Monthly Savings compares the 30 Year Payment to the Minimum Payment.

4 The Effective Interest Rate is the rate the Lender charges each month. It is equal to the Index Rate + Margin. The Index + Margin yield may change each month as the Index rate changes.



Texas Mortgage Company - 6860 North Dallas Parkway, Suite 200 - Plano, TX 75024
Office Phone: 972)867-0056 ext. 234 Fax: (214) 227-3888 Toll Free Phone: (877) 690-2200 ext. 234
Email: steven@texasmortgage.com
:: Apply Now :: Today's Interest Rates :: Property Search :: Pre-Qualify :: Loan Programs :: Purchasing :: Refinance :: Disclosures & Forms :: Tax Credit Extension Information :: Federal Tax Credit Explained :: Homebuyers Education :: USDA Information :: HUD 2009-2010 Area Median Incomes :: Today's Rates :: Rate Alert :: Request Loan Status :: Calculators :: Loan Process :: FAQ :: Forms :: Settlement Booklet 2010 :: Contact Us :: About Us :: Tell-A-Friend :: Vendors :: Credit Report :: Marketplace :: Home ::

logo.jpg

We lend in the following states: Texas -TMBL 241 - NMLS 273767

15 year simple fixed rate loan with 20% down payment required on a $100,000 value - effective 10/24/04 - offer may terminate at any time without notice - rate and annual percentage rate (APR) calculated on a 365 day year with typical/normal closing costs - Rates/APRs subject to change with changes in closing costs - properties and applicants must qualify - other restrictions may apply. 
  Interest Rate, Points and Programs cannot be guaranteed and are subject to change without notice.

This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z.  

All interest rates are subject to DU/LP Findings and adjustments. 

Interest Rates Are For Purchase Only

Refinance Interest Rates Are Higher - Please Call Or Email For Quote

The maximum loan amount for a conforming loan is $417,000 and the Jumbo loan starts at $417,000 to $650,000. Interest Rates and APR's are based on loan amounts of $350,000 >cs740 for Conforming and $600,000 cs>740 for Jumbo loans and $180,000 cs>680 for VA loans. Points/Fees/Rates may vary for different loan amounts. TEXAS CASH-OUT has additional adjustments based on loan amount.



Equal Housing Lender Equal Housing Opportunity MBA NAMB - National Association of Mortgage Brokers REALTORŪ

© 2010 Myers Internet All Rights Reserved

Powered by: Myers Internet | Admin Login