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A quick google search indicates that the Libor Rate is currently at: 1 Year LIBOR Rate 2.75 Compute for each loan: Payment over term of

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A quick google search indicates that the Libor Rate is currently at:

1 Year LIBOR Rate 2.75

Compute for each loan:

  1. Payment over term of the loan
  2. Nominal Interest Rate
  3. Effective Interest Rate held to term
  4. Effective Interest Rate held through holding period
  5. Loan balance at end of holding period
  6. Annual holding costs:
  7. Equity Return of Sale
  8. Internal Rate of Return on Equity before taxes
  9. Gross Income Needed to Qualify for Loan
Analyze purchase of home with various types of financing Security for the Loan Single Family Residence 805 E Nutwood Avenue Fullerton, CA 92831 Annual Holding Costs Real Estate Taxes: Utilities: Loans Offered Term Poirts 0.0% 0.0% 0.0% 0.0% 0.7% ration Fees nde 579 50 $1,575 735 52,038 Maran S6,836.52 S1,250.00 $1,800.00 $1,800.00 30 3.875% 3.750% 3.750% !yr LIBOR 1 yr LIBOR |yr LIBOR 0.00% 2.25% 2.25% 2.25% Living Area: Year Built Room Count 1.325 square feet ARM 5/1 ARM 7/1 30 All Loans LTV 80.0% Purchase Price: S599,000 ARM Loans Payment Changes Annually after fixed period Minimum payment due will be an amount that will not exceed 7.5% more of less that the last minimum monthly payment due before the rate change Holding Period 10 years Projected Price Appreciation over holding Period (per year): Interest Rate Limit: Interest Rate Changes Negative Amortization 9.95% Annually with payment change ow 3.0% 5.0% Potential Costs of Sale: 7.0% Beginning on the first interest rate change, interest will be computed based on the index. The index is the twelve (12) month average of the monthly average annual yield of the 1 year LIBOR rate. The most recent index available and the twelve months preceding will be used in the calculation Inflation Holding Costs 2.0% 1.75% 1.75% 1.75% Real Estate Taxes Insurance: Maintenance Calculation of Interest Rate Changes The new annual interest rate will be the sum of the margin and average annual index computed for each adjustment period, rounded to the nearest 0.125% Compute for each loan: 1. Payment- over term of the loan 2. Nominal Interest Rate 3. Effective Interest Rate-held to term 4. Effective Interest Rate held through holding period 5. Loan balance at end of holding period 6. Annual holding costs 7. Equity Return of Sale 8. Internal Rate of Return on Equity before taxes 9. Gross Income Needed to Qualify for Loan Underwriting Criteria Hi Debt to Income Ratio (PITI) Add'l Long Tem Debt to Income 37.0% 42.0% 45,0% Analyze purchase of home with various types of financing Security for the Loan Single Family Residence 805 E Nutwood Avenue Fullerton, CA 92831 Annual Holding Costs Real Estate Taxes: Utilities: Loans Offered Term Poirts 0.0% 0.0% 0.0% 0.0% 0.7% ration Fees nde 579 50 $1,575 735 52,038 Maran S6,836.52 S1,250.00 $1,800.00 $1,800.00 30 3.875% 3.750% 3.750% !yr LIBOR 1 yr LIBOR |yr LIBOR 0.00% 2.25% 2.25% 2.25% Living Area: Year Built Room Count 1.325 square feet ARM 5/1 ARM 7/1 30 All Loans LTV 80.0% Purchase Price: S599,000 ARM Loans Payment Changes Annually after fixed period Minimum payment due will be an amount that will not exceed 7.5% more of less that the last minimum monthly payment due before the rate change Holding Period 10 years Projected Price Appreciation over holding Period (per year): Interest Rate Limit: Interest Rate Changes Negative Amortization 9.95% Annually with payment change ow 3.0% 5.0% Potential Costs of Sale: 7.0% Beginning on the first interest rate change, interest will be computed based on the index. The index is the twelve (12) month average of the monthly average annual yield of the 1 year LIBOR rate. The most recent index available and the twelve months preceding will be used in the calculation Inflation Holding Costs 2.0% 1.75% 1.75% 1.75% Real Estate Taxes Insurance: Maintenance Calculation of Interest Rate Changes The new annual interest rate will be the sum of the margin and average annual index computed for each adjustment period, rounded to the nearest 0.125% Compute for each loan: 1. Payment- over term of the loan 2. Nominal Interest Rate 3. Effective Interest Rate-held to term 4. Effective Interest Rate held through holding period 5. Loan balance at end of holding period 6. Annual holding costs 7. Equity Return of Sale 8. Internal Rate of Return on Equity before taxes 9. Gross Income Needed to Qualify for Loan Underwriting Criteria Hi Debt to Income Ratio (PITI) Add'l Long Tem Debt to Income 37.0% 42.0% 45,0%

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