![]() ![]() While making interest only payments, principal is not reduced. Interest only loans may be available depending on your credit profile and provide for the payment of interest only for a set period of time, and payments of principal and interest thereafter. The APR may increase after the loan consummation. At the end of the fixed-rate period, the interest and payments may increase. Get an official Loan Estimate before choosing a loan.įor the Adjustable-Rate Mortgage (ARM) product, interest is fixed for a set period of time, and adjusts periodically thereafter. Your actual rate, payment and costs could be higher. Payments shown do not include amounts for taxes and insurance. Rates shown include approximately 1 point. Speak with a Chase Home Lending Advisor for more specific information. The cost varies based on the loan type (fixed rate or adjustable rate), loan term, and loan-to-value ratio. ![]() PMI typically costs between 0.5% and 1% of the entire loan amount on an annual basis. The purpose of the insurance is to protect the lender if you default on the note. This tool assumes that private mortgage insurance (PMI), is required if you are making a down payment of less than 20 percent of the home's purchase price. It does not take into account the processing fee or any other loan specific finance charges you may be required to pay. The APR shown here is based on the interest rate and any points. The annual percentage rate (APR), is the cost of credit over the term of the loan expressed as an annual rate. To get a custom quote based on your specific situation, contact a Chase Home Lending Advisor. Rates shown are not available in all states. Your final rate and points may be higher or lower than those quoted based on information relating to these factors, which may be determined after you apply. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs.Important: Rate, points and APR may vary based on several factors including, but not limited to, state of property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value and your credit score. These ads are based on your specific account relationships with us. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements.Īlso, if you opt out of online behavioral advertising, you may still see ads when you log in to your account, for example through Online Banking or MyMerrill. If you opt out, though, you may still receive generic advertising. ![]() If you prefer that we do not use this information, you may opt out of online behavioral advertising. Texas mortgage calculator Offline#This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Relationship-based ads and online behavioral advertising help us do that. We strive to provide you with information about products and services you might find interesting and useful. ![]()
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