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30 YEAR FIXED (CONFORMING(1) LOAN RATE)
INTEREST RATE: 3.75%
ANNUAL PERCENTAGE RATE (APR): 3.925%
MONTHLY PAYMENT: $833.61
PAYMENT TERM: 30 YEARS
LOAN AMOUNT: $180,000
EST. PREPAID FINANCE CHARGES: $3,800
DOWN PAYMENT: 25%
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15 YEAR FIXED (CONFORMING(1) LOAN RATE)
INTEREST RATE: 2.875%
ANNUAL PERCENTAGE RATE (APR): 3.182%
MONTHLY PAYMENT: $1,232.26
PAYMENT TERM: 15 YEARS
LOAN AMOUNT: $180,000
EST. PREPAID FINANCE CHARGES: $3,800
DOWN PAYMENT: 25%
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30 YEAR FIXED (FHA)
INTEREST RATE: 3.5%
ANNUAL PERCENTAGE RATE (APR): 4.551%
MONTHLY PAYMENT: $1,008.29
PAYMENT TERM: 30 YEARS
LOAN AMOUNT: $180,000
EST. PREPAID FINANCE CHARGES: $3,800
DOWN PAYMENT: 3.5%
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Be aware that mortgage rates can change without notice and apply
only in certain conditions. The APR for the loan products shown
reflects the interest rates and estimated prepaid finance charges
which include 1% of your loan amount to be paid toward the loan
origination charge, but does not include all closing costs or
discount points. The displayed rates assume that you're
refinancing a single-family primary residence with a 90-day-lock.
These mortgage rates are based upon a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit profile up to the time of closing.
The monthly payment amount displayed includes principal, interest and any required mortgage insurance. The payment amount does not include homeowner's insurance or property taxes which must be paid in addition to your loan payment.
Conventional loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and APR.
FHA loans require both an upfront and in most cases, an annual mortgage insurance premium. The premium varies based on the individual loan characteristics. For illustrative purposes on FHA loans, our loan detail results include an estimated mortgage insurance payment added to the monthly principal and interest payment.
(1) Conforming loan amounts for certain loan products have increased in federally designated metropolitan areas. Larger limits available in the state of Hawaii. To find out if these new loan limits can help meet your needs, contact us.
Moving Beyond Credit Challenges
Homeownership can be the foundation for building a more secure financial future. Wells Fargo Home Mortgage can work with you to find a home financing solution that can help you get on a path to solid financial footing, even if you're facing temporary credit problems.
Take advantage of the opportunity for you to better manage your credit. It may be the first step towards stabilizing your financial situation, and building wealth.
Learn more or start the application process online. You can also call us at 916-294-3200 so our home mortgage consultants can address your individual needs.
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Folsom
Office: 916-294-3200
Fax: 916-357-5830
1130 Iron Point Road
Suite 238
Folsom, CA 95630
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