Term / Type of Loan

Interest Rate

Estimated Monthly payment
per $1,000 - Example
($200,000 = 200 x # below)

1 Year ARM

Payment is fixed for 1 year,
then changes up or down
depending on the new
interest rate at that time.

5.375

5.60

3 Year ARM

Payment is fixed for 3
years, then changes up or
down depending on the
new interest rate at that
time.

5.375

5.60

5 Year ARM

Payment is fixed for 5
years, then changes up or
down depending on the
new interest rate at that
time.

5.75

5.84

Interest Only - 5 Year

Payment is fixed for 5
years, then changes up or
down depending on the
new interest rate at that
time, and the principle is
added back into the
payment.

6.25

5.21

40 Year Fixed

7.0

6.21

30 Year Fixed

5.875

5.92

20 Year Fixed

5.75

7.02

15 Year Fixe

5.25

8.04