Sentences with phrase «average interest rates throughout»

Not exact matches

The weighted average savings calculation is based on the following assumptions: (1) The borrower's loan term selected for the refinancing is the same as the term of his / her original loan; (2) A 0.25 % interest rate reduction for enrolling in automatic payments (optional for borrowers); (3) On - time payments of all amounts that are due; and (4) A static interest rate (Note: variable interest rates may move lower or higher throughout the term of the loan).

This calculation assumes a constant interest rate throughout the amortization period and the Total Interest Cost is averaged over the life of the mortgage rounded to the nearestinterest rate throughout the amortization period and the Total Interest Cost is averaged over the life of the mortgage rounded to the nearestInterest Cost is averaged over the life of the mortgage rounded to the nearest dollar.