Assumptions

Mortgage Rate Assumptions

  • Annual Percentage Rate (APR) calculations assume single-family, detached, owner-occupied primary residence in Illinois; a loan-to-value ratio of 80% or less for conventional and 75% or less for jumbo loans; a minimum FICO score of 740; and a loan amount of $300,000 for conforming loans or $750,000 for jumbo loans, unless otherwise specified.
  • Down Payment Example: A 10% down payment on a 30-year, fixed-rate jumbo mortgage with a loan amount of $450,000 and Annual Percentage Rate of 4.250% would require 360 monthly payments of $2,213.73.
  • Rates, program terms and conditions are subject to change without notice.
  • Subject to credit and underwriter approval; not all applicants will be approved.
  • Fees and charges apply.
  • Payments do not include taxes and insurance.
  • Mortgage insurance is not included in the payment quoted. Mortgage insurance is required for all FHA and VA loans as well as conventional loans where the loan to value is greater than 80%.
  • Restrictions may apply.