Assumptions

30-Year Fixed

The information provided is for a 30 year fixed mortgage and assumes the purpose of the loan is to purchase a property, with a loan amount of $400,000 and estimated property value of $500,000. The property is located in Nevada and within Clark county. The property is an existing single family home and will be used as a primary residence. An escrow account is required. The rate lock period is 30 days and the assumed credit score is 800.

At a 7.875% interest rate, the fixed APR for this loan scenario is 7.881%. The monthly payment would be: $2,900.00. The monthly payment amount displayed includes principal and interest. The payment amount does not include homeowner's insurance, property taxes or any required mortgage insurance, which must be paid in addition to your loan payment. Actual APR based on credit worthiness.

FHA Loan

The information provided is for a 30 year fixed mortgage and assumes the purpose of the loan is to purchase a property, with a loan amount of $337750 and estimated property value of $350.000. The property is located in Nevada and within Clark county. The property is an existing single family home and will be used as a primary residence. An escrow account is required. The rate lock period is 30 days and the assumed credit score is 800.

At a 6.990% interest rate, the fixed APR for this loan scenario is 7.540%. The monthly payment would be: $2284.00. The monthly payment amount displayed includes principal and interest. The payment amount does not include homeowner's insurance, property taxes or any required mortgage insurance, which must be paid in addition to your loan payment. Actual APR based on credit worthiness.

VA Loan

The information provided is for a 30 year fixed mortgage and assumes the purpose of the loan is to purchase a property, with a loan amount of $250000 and estimated property value of $250000. The property is located in Nevada and within Clark county. The property is an existing single family home and will be used as a primary residence. An escrow account is required. The rate lock period is 30 days and the assumed credit score is 800.

At a 6.875% interest rate, the fixed APR for this loan scenario is 6.875%. The monthly payment would be: $1667.63. The monthly payment amount displayed includes principal and interest. The payment amount does not include homeowner's insurance, property taxes or any required mortgage insurance, which must be paid in addition to your loan payment. Actual APR based on credit worthiness.