Sentences with phrase «point increase over the life of the loan»

With a monthly adjustment the cap is a ten percentage point increase over the life of the loan.

Not exact matches

That may not sound like much, but when it is compounded over the life of the loan, that single point can get awfully expensive; the increase could add $ 1500 to the cost of a $ 20,000 student loan.

That 100 - point increase in his credit score will save him more than $ 150 a month and more than $ 57,000 over the life of the loan.

The effective interest rate, however — which includes initial fees and charges over the life of the loan — was 4.30 percent, a 31 - point increase.

All else being equal, a 100 - basis point increase from 5.5 % to 6.5 % on a 10 - year fixed rate $ 10,000,000 loan means a $ 5,000 monthly payment increase or $ 600,000 over the life of the mortgage — a 19 % increase in costs for a 100 - basis point change in rates.