It is based on an appraised value of $ 300,000, origination charges of $ 5,000, a mortgage insurance premium of $ 7,500, other settlement costs of $ 2,783, a lender credit of $ 1000, and a mortgage payoff of $ 130,000; amortized over 145 months, with total finance charges of $ 111,075 and an annual percentage rate of 5.68 %. (reverse.org)
It is based on an appraised value of $ 300,000, origination charges of $ 5,000, a mortgage insurance premium of $ 6,000, other settlement costs of $ 2,688, and a mortgage payoff of $ 35,000; amortized over 193 months, with total finance charges of $ 51,714.48 and an annual percentage rate of 4.53 %. (reverse.org)
Interest will continue to accrue during the period when nonpayment is made, which may result in higher total finance charges over the life of the loan. (pathfinderbank.com)