Payment Option ARM Calculator
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| 30 Yr Monthly Payment | Minimum Payment2 | Monthly Savings3 | |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
| Other Payment Options | |
| Interest Only Payment: | $2,134.17 |
| 40 Year Payment: | $0.00 |
| 15 Year Payment: | $0.00 |
Effective Interest Rate4 (Index + Margin): 5.122%
Assumptions:
1 The low initial Minimum Monthly Payment is calculated based on the low initial start rate. Rates are for calculation purposes only, please call your loan officer for rate quotes.
2 Paying the Minimum Monthly Payment will result in deferred interest, which will be added to the principal balance and increase your loan amount. This is called negative amortization. For the first 5 years the minimum payment will increase 7.5% over the previous year.
3 The Monthly Savings is calculated using the current Index + Margin. Rate increases or decreases are not computed. Monthly Savings compares the 30 Year Payment to the Minimum Payment.
4 The Effective Interest Rate is the rate the Lender charges each month. It is equal to the Index Rate + Margin. The Index + Margin yield may change each month as the Index rate changes.
Premier Nationwide Lending - 2745 Dallas Parkway Suite 410 - Plano, TX 75093
Office Phone: 469-246-1102 Fax: 469-246-1149 Cell Phone: 214-536-9173
NMLS: #208810 NTFN’s Corporate NMLS: #75333
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We lend in the following states: TX
COMPLAINTS REGARDING MORTGAGE BANKERS SHOULD BE SENT TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT http://www.sml.texas.gov/.
REQUIRED Name and Address: NTFN, Inc. NMLS #75333 ~ 2745 Dallas Parkway, Suite 410, Plano, Texas 75093 (469) 246-1100
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