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First Home Mortgage Assumptions & California Refinance Mortgage

  • Annual Percentage Rate (APR) calculations assume single-family, detached, owner-occupied primary residence; a loan-to-value ratio of less than 90%; a minimum FICO score of 680; and a loan amount of $200,000 for conforming loans or $650,000 for jumbo loans, unless otherwise specified by the California mortgage refinance loan.
  • APR assumes 15 days prepaid interest for home refinance, California.
  • Annual Percentage Rate (APR) calculations assume no subordinate financing and that the borrower will provide full income documentation when attaining a Californian refinance loan or any other loan.
  • Monthly Payment per $1,000 and Monthly Payment calculations include principal and interest ONLY. PMI (Private Mortgage Insurance), hazard insurance, property taxes, state taxes, mortgage taxes, homeowner's association dues, and any other recurring costs are not included in the mortgage refinance California loan.
  • In a refinance transaction, Manhattan Mortgage CorporationLenders.com does not pay any reconveyance fees that are charged by the borrower's existing lender for the reconveyance of the deed of trust. This includes but is not limited to reconveyance, demand and recording fees.
  • Rates may be higher for loan amounts under $100,000 and over $650,000. Please call for details.
  • Rolldowns are only available on loan amounts of $150,000 or more.
  • Rates are subject to change without notice with California home loan refinance and all other loans as well.
  • Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
  • Restrictions may apply.
  • Subject to underwriter approval; not all applicants will be approved.
  • Fees and charges apply with all loans, including california mortgage rate refinance.
  • Taxes and insurance are extra.
  • On refinance transactions, the Annual Percentage Rate (APR) calculations assume a rate and term refinance.
  • Available first mortgage rates and fees may vary depending on your property's location when you refinance in California.

Home Equity Line of Credit Assumptions
  • The Annual Percentage Rates in the example may increase or decrease since this Annual Percentage Rate is tied to the Prime Rate as quoted in the Wall Street Journal and the Annual Percentage Rate will adjust (increase or decrease) when the Prime Rate changes.
  • If CLTV is less than or equal to 90%, then 15 year draw period with a 10 year repayment period. If CLTV is greater than 90%, then 5 year draw period with a 10 year repayment period.
  • The annual fee is $35 unless prohibited or otherwise restricted by State Law.
  • The maximum Annual Percentage Rate (APR) is 18% or the maximum Annual Percentage Rate allowed by applicable law, whichever is less.
  • Annual Percentage Rate (APR) calculations assume that the borrower will provide full income documentation.
  • Monthly Payment is based on a draw of the full line of credit amount.
  • Payments are monthly based on loan term. For example, 25 years equals 300 monthly payments.
  • Total debt ratio below 45%.
  • Rates are subject to change without notice.
  • Restrictions may apply.
  • Subject to underwriter approval; not all applicants will be approved.
  • Fees and charges apply.
  • Taxes and insurance are extra. Property insurance required.
  • Not available in all states.
  • Minimum draw requirements in some states.
  • Maine - may not be used to refinance existing first mortgages

Home Equity Loan Assumptions
  • Annual Percentage Rate (APR) assumes 15 days prepaid interest.
  • Annual Percentage Rate (APR) calculations assume that the borrower will provide full income documentation.
  • Monthly Payment calculations include principal and interest ONLY. PMI (Private Mortgage Insurance), hazard insurance, property taxes, state taxes, mortgage taxes, homeowner's association dues, and any other recurring costs are not included.
  • Payments are monthly based on loan term. For example, 25 years equals 300 monthly payments.
  • Total debt ratio below 45%.
  • Rates are subject to change without notice.
  • Restrictions may apply.
  • Subject to underwriter approval; not all applicants will be approved.
  • Fees and charges apply.
  • Taxes and insurance are extra.
  • Not available in all states.
  • Maine - may not be used to refinance existing first mortgages.
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