3296 St. James Drive

Southport, NC 28461

910-553-4489

info@threeriversrealtync.com

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Zip Code: 28461

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Important information about our rate tables

About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our "Advertisers"). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a "Next" button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.

Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertiser's phone number when you click-through to their website. In addition, credit unions may require membership.

Loans Above $417,000 May Have Different Loan Terms: If you are seeking a loan for more than $417,000, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

Consumer Satisfaction: If you have used Bankrate.com and have not received the advertised loan terms or otherwise been dissatisfied with your experience with any Advertiser, we want to hear from you. Please click here to provide your comments to Bankrate Quality Control.

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Mortgage Payment Calculator Help

This mortgage payment calculator will help you determine the cost of homeownership at today’s mortgage rates, accounting for principal, interest, taxes, homeowners insurance, and, where applicable, condominium association fees. The default values of the mortgage calculator, including mortgage rate and length of loan, can be easily adjusted to reflect your current situation.

You can use the mortgage payment calculator in three ways. (1) You can use it to find the monthly mortgage payment of a home, given current mortgage rates and a specific home purchase price; (2) You can use it to find your maximum home purchase price given your annual household income; and (3) You can use it to determine your maximum home purchase price given a specific monthly budget for housing.

Total Amount

Total Amount is the dollar amount for which the home can be purchased. This is not the same as “listing price”, which is the amount for which the home is listed for sale. Home price does not include closing costs and loan fees. It’s the contractually-agreed upon price for a home.

Down Payment

A downpayment is the amount of equity that you put into the house at the time of purchase. For example, if you are buying a home for $100,000 and you make a $5,000 downpayment, you will have $5,000 equity (5%) in your new home. Some mortgage programs, such as the FHA loan, require a 3.5% downpayment; while others, including the VA loan and USDA loan, require no downpayment whatsoever. Your downpayment may not be the only cash required at closing so be sure to budget for closing costs and other items.

Interest Rate

Your interest rate is the rate at which you will repay the bank for your mortgage. Interest rates are expressed in annual terms. With fixed-rate mortgages, your mortgage interest rate will remain unchanged for the life of the loan. With adjustable-rate mortgage, your interest rate may change after a fixed number of years. When using this home mortgage calculator, use today’s mortgage rate for “interest rate”.

Amortization Period

Sometimes known as “loan term”, the length of the loan is the number of years until the loan is paid in-full. Most mortgages have a loan term of 30 years. Since 2010, the 20-year and 15-year fixed rate mortgage have been increasingly common. The monthly cost of a mortgage is higher with a shorter-term loan, but less mortgage interest is paid over time. Homeowners with a 15-year mortgage will pay approximately 65% less mortgage interest as compared to a homeowner with a 30-year loan.

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