Loan Assumptions

Rates and terms are subject to change without notice. Actual rate will be determined after application and prior to execution of loan documents.

  • "No Closing Costs" loans are subject to terms and conditions of Fremont Bank's Application Fee Agreement, which lists the specific costs and fees the borrower will not pay. An application fee may be required after a loan application is submitted, which will be refunded (credited) at loan closing. Borrower is responsible for paying all fees and charges imposed by an existing third party lender (such as, a payoff demand statement fee and/or a reconveyance fee) as well as any prepayment penalty imposed by any third party lender or Fremont Bank.
  • First Mortgage Rates are for refinancing of existing loans with no cash out and no subordination of non-Fremont Bank liens or encumbrances and is based on a loan amount of $400,000. Maximum loan-to-value ratios: 30-year fixed is 60%; 15-year fixed is 60%; 3-year ARM is 60%; 5-year ARM is 60%. Rates apply to owner occupied, single-family properties only in California.
  • Minimum loan amount $100,000; Maximum loan amount $548,250.
  • Loan interest rates are based on current market rates and subject to pricing adjustments related to several factors including, but not limited to, property type and location, loan amount, loan type, loan-to-value, occupancy type, and borrower credit history.
  • All credit applications are subject to credit qualifications and Fremont Bank's underwriting requirements. Adequate property insurance (which may include flood insurance) is required.
  • For adjustable-rate mortgages, rates are subject to increase after the initial fixed-rate period. The term of the loan is 30 years.
  • Other restrictions may apply.
  • Additional rates and programs are available.

Fixed rate loan and payment information

Based on a loan amount of $400,000
Refinance:
 
30 Year
15 Year
10 Year
Interest Rate
3.125%
2.750%
3.375%
APR
3.125%
2.750%
3.375%
Monthly Payments*
360 payments of $1,713.50
180 payments of $2,714.49
120 payments of $3,932.06

*The estimated monthly payments shown include principal and interest but do not include amounts for taxes and insurance premiums, actual payment obligation will be greater.

Purchase:
 
30 Year
15 Year
10 Year
Interest Rate
3.000%
2.625%
3.250%
APR
3.000%
2.625%
3.250%
Monthly Payments*
360 payments of $1,686.42
180 payments of $2,690.76
120 payments of $3,908.76

*The estimated monthly payments shown include principal and interest but do not include amounts for taxes and insurance premiums, actual payment obligation will be greater.

Rates current as of 2/24/2021 3:01:29 PM