Assumptions for 30 year fixed;
 
The Annual Percentage Rate(APR) is based on a loan balance of $300,000 and a 20% down payment, without Premium Mortgage Insurance(PMI).
 
The 30 year fixed FHA loan requires both an upfront and an annual mortgage insurance premium. the premium varies based on the loan amount characteristics, your credit score, whether you've received loan counseling, and other factors. Our illustrated FHA rates and Annual Percentage rates(APR) include our upfront and annual mortgage insurance premiums. based on a loan amount of $300,000.
 
 
Adjustable Rate Mortgage 5/1 ARM and 5/1 Jumbo ARM:
 
The Annual Percentage Rate(APR) is based on a Loan Balance of $300,000 conforming and $600,000 Jumbo with a 20% down Payment, without Premium Mortgage Insurance(PMI). On adjustable-rate loans, Interest rates are subject to potential increases over the life of the loan, once the initial fixed-rate period expires.
 
For Conforming and Jumbo ARM interest rates, at adjustment your new rate will be based on the Published London Market(LIBOR) in the wall street journal, plus a margin of 2.25% subject to annual and lifetime adjustable caps.
 
General Assumptions:
 
The Rates are assuming a credit score of 740; Credit scores below 740 could be subject to additional fees and charges.
For loans with less than 20% down payment borrower-paid mortgage insurance may apply.
A minimus loan balance of $225,000 is required for a free appraisal and no application fee.
Subject property must be a single family residence in the state of Illinois and must be owner occupied.
Subject to underwriting approval and restrictions may apply.
Rates are subject to change without notice.

Our Competing lenders listed rates, APR, closing cost main source are published on their websites and or Lender represenative confirmation.