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Loan Assumptions and Disclosures
Interest rates and annual percentage rates (APRs) are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons to property type, loan amount, loan-to-value, credit score, refinance with cash out and other variables. Contact Sirva Mortgage for details. This is not a credit decision or a commitment to lend. Mortgage insurance may be required depending on loan guidelines. If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
APR reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points") and loan origination fees. One point is 1% of the mortgage amount (for example, $1,000 on a $100,000 loan) based on the interest rate on your note layer, not on APR.
Adjustable-Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period: ARMs assume a 30-year term.
Loan Details for 5 Year Adjustable-Rate Mortgage (ARM)
The following monthly payments are based on a loan amount of $400,000.00 with an initial interest rate of 7.125% (7.586% APR) for 60 months and 1 point.
Loan Details for 10-Year ARM
Apply Now| Months | Estimated Rate | Estimated Payment |
|---|---|---|
| 120 | 7.375% | $2,762.70 |
| 121 - 132 | $2,171 min - $3,414 max | |
| 133 - 144 | $1,835 min - $3,881 max | |
| 145 - 360 | $1,816 min - $3,881 max |
| Months | 120 |
|---|---|
| Estimated Rate | 7.375% |
| Estimated Payment | $2,762.70 |
| Months | 121 - 132 |
| Estimated Rate | |
| Estimated Payment | $2,171 min - $3,414 max |
| Months | 133 - 144 |
| Estimated Rate | |
| Estimated Payment | $1,835 min - $3,881 max |
| Months | 145 - 360 |
| Estimated Rate | |
| Estimated Payment | $1,816 min - $3,881 max |
Last Updated May 8, 2025
Adjustable-Rate details
| Margin | 2.250% |
| Rate adjustment Frequency | 1 year |
| First adjusted interest rate cap | 2.000% |
| Subsequent adjusted interest rate cap | 2.000% |
| Limited rate cap | 5.000% |
Maximum rate and payment adjustments
After the initial fixed-rate period based on the initial interest rate and interest caps disclosed above. The maximum lifetime rate will never be more than 12.125% with an estimated maximum monthly payment of $3,989.
Your results are based the purchase of a home in ZIP code 44131 with an estimated purchase price of $534,000 and an estimated down payment of $134,000.00.
Loan Details for 10 Year Adjustable-Rate Mortgage (ARM)
The following monthly payments are based on a loan amount of $400,000.00 with an initial interest rate of 7.375% (7.624% APR) for 120 months and 1 point.
Loan Details for 10-Year ARM
Apply Now| Months | Estimated Rate | Estimated Payment |
|---|---|---|
| 120 | 7.375% | $2,762.70 |
| 121 - 132 | $2,171 min - $3,414 max | |
| 133 - 144 | $1,835 min - $3,881 max | |
| 145 - 360 | $1,816 min - $3,881 max |
| Months | 120 |
|---|---|
| Estimated Rate | 7.375% |
| Estimated Payment | $2,762.70 |
| Months | 121 - 132 |
| Estimated Rate | |
| Estimated Payment | $2,171 min - $3,414 max |
| Months | 133 - 144 |
| Estimated Rate | |
| Estimated Payment | $1,835 min - $3,881 max |
| Months | 145 - 360 |
| Estimated Rate | |
| Estimated Payment | $1,816 min - $3,881 max |
Last Updated May 8, 2025
Adjustable-Rate details
| Margin | 2.250% |
| Rate adjustment Frequency | 1 year |
| First adjusted interest rate cap | 2.000% |
| Subsequent adjusted interest rate cap | 2.000% |
| Limited rate cap | 5.000% |
Maximum rate and payment adjustments
After the initial fixed-rate period based on the initial interest rate and interest caps disclosed above. The maximum lifetime rate will never be more than 12.375% with an estimated maximum monthly payment of $3,881.
Your results are based on the purchase of a home in ZIP code 44131 with an estimated purchase price of $534,000.00 and an estimated down payment of $134,000.00.