Adjustable Rate Mortgage Loan Program Disclosure
Payment Example. 5/1 ARM EXAMPLE: A $10,000.00 5/1 ARM financed for 30 years at an interest rate of 4.00% would yield an APR* (Annual Percentage Rate) of 5.315% and a monthly payment of $47.74. Note: To see what your payment would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. (For example, the monthly payment for a mortgage amount of $60,000 would be ................
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