15 Year Conventional

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $184,000 and an estimated property value of $230,000. The property is located in MO and is within St. Louis County. The property is an existing single family home and will be used as a primary residence. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. If you request escrows to be waived, your interest rate may be slightly higher. Talk to your loan advisor for details. The rate lock period is 45 days and the assumed credit score is 740. At a 3.875% interest rate, the APR for this loan type is 3.891%. The monthly payment schedule would be 180 payments of $1349.53.

 

30 Year Conventional

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $184,000 and an estimated property value of $230,000. The property is located in MO and is within St. Louis County. The property is an existing single family home and will be used as a primary residence. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. If you request escrows to be waived, your interest rate may be slightly higher. Talk to your loan advisor for details. The rate lock period is 45 days and the assumed credit score is 740. At a 4.5% interest rate, the APR for this loan type is 4.567%. The monthly payment schedule would be 360 payments of $932.30.

 

30 Year FHA

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $186,558 and an estimated property value of $190,000. The property is located in MO and is within St. Louis County. The property is an existing single family home and will be used as a primary residence. The rate lock period is 45 days and the assumed credit score is 740. At a 4.125% interest rate, the APR for this loan type is 5.133%. For a 30 year loan, the payment schedule would be $1033.05 per month for the first 12 months. The monthly payment amount quoted includes the mortgage insurance premium. Mortgage insurance is required on most FHA loans. The monthly mortgage insurance premium is calculated based on the average outstanding balance, so it will vary from year to year.

 

The actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.

 

30 Year VA Loan

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $178,762 and an estimated property value of $175,000. The property is located in MO and is within St. Louis County. The property is an existing single family home and will be used as a primary residence. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The rate lock period is 45 days and the assumed credit score is 740. At a 4.375% interest rate, the APR for this loan type is 4.637%. The monthly payment schedule would be 360 payments of $892.53. The loan amount includes the funding fee that is required for 1st time use of a VA loan.