30-year fixed rate loan payment example: 3.500% interest rate with 0 points, 3.589% APR, loan amount of $417,000, payments for months 1 -359 would be $1,872.52 with one final payment of $1,870.20. Example based on owner-occupied, single family residence, no cash out refinance in California. Additional terms at this rate are based on a 60% Loan to Value ratio and 740 representative credit score. Loans subject to borrower and property qualifications, not all applicants may be approved. Rate and terms as of February 12, 2016; subject to change without notice.
3% Down: Sample loan amount of $484,350 based on purchase of a single family residence, owner-occupied at 97% loan-to-value with an interest rate of 3.500% and a 4.267% APR; 0.75% points. Monthly principal, interest, taxes, insurance, and PMI payment of $2,813.30 for 360 months. Down payment of 3% from borrower’s own funds, grant or gift. Rates shown are for highly qualified borrowers; initial rate received may be different based on credit history. Fees and charges apply to the loan and are subject to change without notice. Effective 4/15/16.