This calculation is for an occupancy type of owner for a single family dwelling purchase with
full income documentation in the state of HI with a lock period of 30 days and no prepayment penalty.
APR calculation assumptions include an impound account for taxes and insurance, 15 days prepaid interest at closing, and no subordinate financing and that borrower will
provide full income documentation.
Lenders offering the Fannie and Freddie products must perform
full income documentation to reduce risk.