10 Year Fixed Rate 

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 6.625%, the APR for this loan type is 6.830%. The monthly principal and interest payment schedule would be:

120 payments of $2,283.70

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

Current as of 12/22/2023. Please contact us for the most up to date rates.

15 Year Fixed Rate 

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 6.375%, the APR for this loan type is 6.612%. The monthly principal and interest payment schedule would be:

180 payments of $1,728.50

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

15 Year Fixed Jumbo Rate

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $1,000,000 and an estimated property value of $1,250,000.  The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 6.750%, the APR for this loan type is 6.832%. The monthly payment schedule would be:

180 payments of $9,291.55

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

20 Year Fixed Rate (FNMA)

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $250,000.  The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 6.875%, the APR for this loan type is 6.993%. The monthly payment schedule would be:

240 payments of $1,535.63

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

30 Year Fixed Rate (FNMA)

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $250,000.  The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 6.875%, the APR for this loan type is 6.965%. The monthly principal and interest payment schedule would be:

360 payments of $1,313.86

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

30 Year Fixed Rate (FHA)

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $100,000 and an estimated property value of $103,627.  The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 7.00%, the APR for this loan type is 7.091%. The monthly principal and interest payment schedule would be:

• 360 payments of $1,330.60

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

30 Year Fixed Rate (VA)

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $100,000 and an estimated property value of $100,000.  The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 7.00%, the APR for this loan type is 7.202%. The monthly principal and interest payment schedule would be:

• 360 payments of $678.28

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

5/1 Adjustable Rate Mortgage - Payment And Rate Are Subject To Adjustment After 5 Years.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 6.250%, the APR for this loan type is 6.917%. Based on current rates, the monthly payment schedule would be:

60 payments of $1,199.10 at an interest rate of 6.250%

299 payments of $1,824.08 at an interest rate of 11.000%

1 payment of $1,824.08 at an interest rate of 11.000%

Your initial rate applies for the first 60 months and is subject to change thereafter. After the initial rate has expired, the interest rate on the 5/1 Adjustable Rate Mortgage is adjusted every 12 months based upon a margin and an index. The Margin is 2.750% and the Index is the weekly average yield on United States Treasuries adjusted to a constant maturity of one-year as made available by the Federal Reserve Board. The Margin and Index are added together and rounded to the nearest 1/8th of one percentage point (0.125%) to determine your new interest rate. Your payments will be recalculated at this time and are subject to increase. The interest rate will never decrease or increase more than 5.000% at the first adjustment, 2.000% at each adjustment thereafter and no more than 5.000% over the entire life of the loan. The interest rate will never be less than the margin.

The current Index is 4.30% as of 2/7/25.

Because the future of interest rates is inherently unpredictable, the example above is based on the assumption that current market rates remain unchanged throughout the life of the loan. However, you should be aware that an increase in interest rates is possible. An increase in interest rates would result in an increase in your monthly payments.

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

Jumbo 5/1 Adjustable Rate Mortgage - Payment And Rate Are Subject To Adjustment After 5 Years.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $1,000,000 and an estimated property value of $1,250,000. The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days with 1.000% in loan discount points and the borrower is assumed to have excellent credit.

At an interest rate of 6.375%, the APR for this loan type is 6.872%. Based on current rates, the monthly payment schedule would be:

60 payments of $6,238.70 at an interest rate of 6.375%

299 payments of $9,968.31 at an interest rate of 10.875%

1 payment of $9,968.31 at an interest rate of 10.875%

Your initial rate applies for the first 60 months and is subject to change thereafter. After the initial rate has expired, the interest rate on the Jumbo 5/1 Adjustable Rate Mortgage is adjusted every 12 months based upon a margin and an index. The Margin is 2.750% and the Index is the weekly average yield on United States Treasuries adjusted to a constant maturity of one-year as made available by the Federal Reserve Board. The Margin and Index are added together and rounded to the nearest 1/8th of one percentage point (0.125%) to determine your new interest rate. Your payments will be recalculated at this time and are subject to increase. The interest rate will never decrease or increase more than 5.000% at the first adjustment, 2.000% at each adjustment thereafter and no more than 5.000% over the entire life of the loan. The interest rate will never be less than the margin.

The current Index is 4.30% as of 2/7/25.

Because the future of interest rates is inherently unpredictable, the example above is based on the assumption that current market rates remain unchanged throughout the life of the loan. However, you should be aware that an increase in interest rates is possible. An increase in interest rates would result in an increase in your monthly payments.

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

5/5 Adjustable Rate Mortgage - Payment And Rate Are Subject To Adjustment After 5 Years.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days with 0.00% in loan discount points and the borrower is assumed to have excellent credit.

At an interest rate of 6.625%, the APR for this loan type is 7.659%. Based on current rates, the monthly payment schedule would be:

60 payments of $1,280.62 at an interest rate of 6.625%

299 payments of $1,954.69 at an interest rate of 12.625%

1 payment of $1,954.69 at an interest rate of 12.625%

Your initial rate applies for the first 60 months and is subject to change thereafter. After the initial rate has expired, the interest rate on the 5/5 Adjustable Rate Mortgage is adjusted every 60 months based upon a margin and an index. The Margin is 2.750% and the Index is the weekly average yield on the United States Five Year Treasury Index as made available by the Federal Reserve Board. The Margin and Index are added together and rounded to the nearest 1/8th of one percentage point (0.125%) to determine your new interest rate. Your payments will be recalculated at this time and are subject to increase. The interest rate will never decrease or increase more than 2.00% at the first adjustment, 2.00% at each adjustment thereafter and no more than 6.00% over the life of the loan. The interest rate will never be less than the margin.

The current Index is 4.80% as of 1/26/2024.

Because the future of interest rates is inherently unpredictable, the example above is based on the assumption that current market rates remain unchanged throughout the life of the loan. However, you should be aware that an increase in interest rates is possible. An increase in interest rates would result in an increase in your monthly payments.

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

Current as of 12/22/2024. Please contact us for the most up to date rates.

Jumbo 5/5 Adjustable Rate Mortgage - Payment And Rate Are Subject To Adjustment After 5 Years.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $1,000,000 and an estimated property value of $1,250,000. The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days with 0.00% in loan discount points and the borrower is assumed to have excellent credit.

At an interest rate of 6.25%, the APR for this loan type is 7.439%. Based on current rates, the monthly payment schedule would be:

60 payments of $6,157.17 at an interest rate of 6.25%

299 payments of $9,461.13 at an interest rate of 12.25%

1 payment of $9,461.13 at an interest rate of 12.25%

Your initial rate applies for the first 60 months and is subject to change thereafter. After the initial rate has expired, the interest rate on the Jumbo 5/5 Adjustable Rate Mortgage is adjusted every 60 months based upon a margin and an index. The Margin is 2.750% and the Index is the weekly average yield on United States Treasuries adjusted to a constant maturity of five-year as made available by the Federal Reserve Board. The Margin and Index are added together and rounded to the nearest 1/8th of one percentage point (0.125%) to determine your new interest rate. Your payments will be recalculated at this time and are subject to increase. The interest rate will never decrease or increase more than 2.000% at the first adjustment, 2.000% at each adjustment thereafter and no more than 6.000% over the entire life of the loan. The interest rate will never be less than the margin.

The current Index is 4.80% as of 1/26/2024.

Because the future of interest rates is inherently unpredictable, the example above is based on the assumption that current market rates remain unchanged throughout the life of the loan. However, you should be aware that an increase in interest rates is possible. An increase in interest rates would result in an increase in your monthly payments.

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

Current as of 12/22/2023. Please contact us for the most up to date rates.

7/1 Adjustable Rate Mortgage - Payment And Rate Are Subject To Adjustment After 7 Years.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 6.375%, the APR for this loan type is 6.878%. Based on current rates, the monthly payment schedule would be:

84 payments of $1,247.74 at an interest rate of 6.375%

275 payments of $1,807.29 at an interest rate of 11.125%

1 payment of $1,807.29 at an interest rate of 11.125%

Your initial rate applies for the first 84 months and is subject to change thereafter. After the initial rate has expired, the interest rate on the 7/1 Adjustable Rate Mortgage is adjusted every 12 months based upon a margin and an index. The Margin is 2.750% and the Index is the weekly average yield on United States Treasuries adjusted to a constant maturity of one-year as made available by the Federal Reserve Board. The Margin and Index are added together and rounded to the nearest 1/8th of one percentage point (0.125%) to determine your new interest rate. Your payments will be recalculated at this time and are subject to increase. The interest rate will never decrease or increase more than 5.000% at the first adjustment, 2.000% at each adjustment thereafter and no more than 5.000% over the entire life of the loan.

The current Index is 4.30% as of 2/7/25.

Because the future of interest rates is inherently unpredictable, the example above is based on the assumption that current market rates remain unchanged throughout the life of the loan. However, you should be aware that an increase in interest rates is possible. An increase in interest rates would result in an increase in your monthly payments.

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

Jumbo 7/1 Adjustable Rate Mortgage - Payment And Rate Are Subject To Adjustment After 7 Years.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $1,000,000 and an estimated property value of $1,250,000. The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days with 1.0% in loan discount points and the borrower is assumed to have excellent credit.

At an interest rate of 6.500%, the APR for this loan type is 6.848%. Based on current rates, the monthly payment schedule would be:

84 payments of $6,320.68 at an interest rate of 6.500%

275 payments of $9,883.08 at an interest rate of 11.000%

1 payment of $9,883.08 at an interest rate of 11.000%

Your initial rate applies for the first 84 months and is subject to change thereafter. After the initial rate has expired, the interest rate on the Jumbo 7/1 Adjustable Rate Mortgage is adjusted every 12 months based upon a margin and an index. The Margin is 2.750% and the Index is the weekly average yield on United States Treasuries adjusted to a constant maturity of one-year as made available by the Federal Reserve Board. The Margin and Index are added together and rounded to the nearest 1/8th of one percentage point (0.125%) to determine your new interest rate. Your payments will be recalculated at this time and are subject to increase. The interest rate will never decrease or increase more than 5.000% at the first adjustment, 2.000% at each adjustment thereafter and no more than 5.000% over the entire life of the loan.

The current Index is 4.30% as of 2/7/25.

Because the future of interest rates is inherently unpredictable, the example above is based on the assumption that current market rates remain unchanged throughout the life of the loan. However, you should be aware that an increase in interest rates is possible. An increase in interest rates would result in an increase in your monthly payments.

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

10/1 Adjustable Rate Mortgage - Payment And Rate Are Subject To Adjustment After 10 Years.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 6.500%, the APR for this loan type is 6.853%. Based on current rates, the monthly payment schedule would be:

120 payments of $1,264.14 at an interest rate of 6.500%

239 payments of $1,767.75 at an interest rate of 11.250%

1 payment of $1,767.75 at an interest rate of 11.250%

Your initial rate applies for the first 120 months and is subject to change thereafter. The interest rate on the 10/1 Adjustable Rate Mortgage is adjusted every 12 months based upon a margin and an index. The Margin is 2.750% and the Index is the weekly average yield on United States Treasuries adjusted to a constant maturity of one-year as made available by the Federal Reserve Board. The Margin and Index are added together and rounded to the nearest 1/8th of one percentage point (0.125%) to determine your new interest rate. Your payments will be recalculated at this time and are subject to increase. The interest rate will never decrease or increase more than 2.0000% at each adjustment and no more than 5.000% over the entire life of the loan, 2.000% at each adjustment thereafter and no more than 5.000% over the entire life of the loan.

The current Index is 4.30% as of 2/7/25.

Because the future of interest rates is inherently unpredictable, the example above is based on the assumption that current market rates remain unchanged throughout the life of the loan. However, you should be aware that an increase in interest rates is possible. An increase in interest rates would result in an increase in your monthly payments.

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

Jumbo 10/1 Adjustable Rate Mortgage - Payment And Rate Are Subject To Adjustment After 10 Years.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $1,000,000 and an estimated property value of $1,250,000. The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 6.625%, the APR for this loan type is 6.841%. Based on current rates, the monthly payment schedule would be:

120 payments of $6,403.11 at an interest rate of 6.625%

239 payments of $9,885.54 at an interest rate of 11.375%

1 payment of $9,885.54 at an interest rate of 11.375%

Your initial rate applies for the first 120 months and is subject to change thereafter. The interest rate on the Jumbo 10/1 Adjustable Rate Mortgage is adjusted every 12 months based upon a margin and an index. The Margin is 2.750% and the Index is the weekly average yield on United States Treasuries adjusted to a constant maturity of one-year as made available by the Federal Reserve Board. The Margin and Index are added together and rounded to the nearest 1/8th of one percentage point (0.125%) to determine your new interest rate. Your payments will be recalculated at this time and are subject to increase. The interest rate will never decrease or increase more than 2.0000% at each adjustment and no more than 5.000% over the entire life of the loan, 2.000% at each adjustment thereafter and no more than 5.000% over the entire life of the loan.

The current Index is 4.30% as of 2/7/25.

Because the future of interest rates is inherently unpredictable, the example above is based on the assumption that current market rates remain unchanged throughout the life of the loan. However, you should be aware that an increase in interest rates is possible. An increase in interest rates would result in an increase in your monthly payments.

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

15/30 Balloon - Fixed Rate with Balloon Feature

 The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 6.625%, the APR for this loan type is 6.800%. The monthly principal and interest payment schedule would be:

180 payments of $1,280.62

1 payment of $146,331.04

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

15/30 Balloon (JUMBO)- Fixed Rate with Balloon Feature

 The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $1,000,000 and an estimated property value of $1,250,000. The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 6.750%, the APR for this loan type is 6.811%. The monthly principal and interest payment schedule would be:

180 payments of $6,485.98

1 payment of $731,912.16

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: flood insurance, real estate property taxes and homeowner's insurance premiums. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.

3/1 Vacant Land Loan - Payment And Rate Are Subject To Adjustment After 3 Years.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $175,000 and an estimated property value of $225,000. The property is located in Clearwater, FL and is within Pinellas County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 45 days and the borrower is assumed to have excellent credit.

At an interest rate of 6.875%, the APR for this loan type is 7.414%. Based on current rates, the monthly payment schedule would be:

36 payments of $1,783.71 at an interest rate of 6.875%

144 payments of $1,966.60 at an interest rate of 11.625%

Your initial rate applies for the first 36 months and is subject to change thereafter. After the initial rate has expired, the interest rate on the 3/1 Adjustable Rate Mortgage is adjusted every 12 months based upon a margin and an index. The Margin is 3.00% and the Index is the weekly average yield on United States Treasuries adjusted to a constant maturity of one-year as made available by the Federal Reserve Board. The Margin and Index are added together and rounded to the nearest 1/8th of one percentage point (0.125%) to determine your new interest rate. Your payments will be recalculated at this time and are subject to increase. The interest rate will never decrease or increase more than 5.000% at the first adjustment, 2.000% at each adjustment thereafter and no more than 5.000% over the entire life of the loan. The interest rate will never be less than the margin.

The current Index is 4.30% as of 2/7/25.

Because the future of interest rates is inherently unpredictable, the example above is based on the assumption that current market rates remain unchanged throughout the life of the loan. However, you should be aware that an increase in interest rates is possible. An increase in interest rates would result in an increase in your monthly payments.

If an escrow account is required or requested, the actual monthly payment will also increase to pay for items such as: real estate property taxes. Mortgage insurance is also required on properties where a down payment of less than 20% is made.

Your actual rate and payment will vary from these examples based on many factors including: loan purpose, loan to value ratio, property location, property type, property use, rate lock period, and individual creditworthiness. Please contact the credit union so we can give you more specific details based on your personal situation.