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Additional Rate and Payment Information - Jumbo

5/1 LIBOR ARM1
*0 point Standard Product Offering:* This adjustable rate mortgage (ARM) offers principal and interest payments based on a 30-year amortization and may adjust annually thereafter for the remaining 25 years using a fully indexed rate (index plus margin) rounded to the nearest 0.125%. For example, during the first 5 years the initial payment on a 30-year $750000 loan is $3162.04 at 3.000%, with 60% loan-to-value, 0 points due at closing and 3.754% Annual Percentage Rate (APR). After the initial 5 years, the fully indexed rate will adjust annually, in which case your payment may increase. Based on a recently published index, the initial fully indexed rate rounded to the nearest 0.125% would be 4.250% with principal and interest payments of $3565.79. Disclosed payments do not include taxes and insurance premiums, so the actual payment amount may be greater.  

5/1 LIBOR ARM (Interest Only)1
*5 YEAR LIBOR ARM (Interest Only)* *0 points:* This adjustable rate mortgage (ARM) offers interest only payments for 10 years and principal and interest payments thereafter based on a 20-year amortization. The rate of interest is fixed the first 5 years and may adjust annually thereafter for the remaining 5 years using a fully indexed rate (index plus margin) rounded to the nearest 0.125%. For example, during the first 5 years the initial interest only payment is $2031.25 on a $750000 ARM with a fixed rate of interest of 3.250%, 60% loan-to-value (LTV), 0 points due at closing and 3.870% Annual Percentage Rate (APR). After 5 years, the interest rate is no longer fixed and may adjust annually, in which case your payment may increase. Based on a recently published index, the fully indexed rate rounded to the nearest 0.125% would be 4.250% with interest only payments of $2578.12. After 10 years, the fully indexed rate may adjust annually and the payment will switch from interest only to a principal and interest payment of $3968.74 for the remaining 20 years, based on the then current index and margin. Disclosed payments do not include taxes and insurance premiums, so the actual payment amount will be greater.  

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7/1 LIBOR ARM1
*0 point Standard Product Offering:* This adjustable rate mortgage (ARM) offers principal and interest payments based on a 30-year amortization and may adjust annually thereafter for the remaining 23 years using a fully indexed rate (index plus margin) rounded to the nearest 0.125%. For example, during the first 7 years the initial payment on a 30-year $750000 loan is $3212.82 at 3.125%, with 60% loan-to-value, 0 points due at closing and 3.685% Annual Percentage Rate (APR). After the initial 7 years, the fully indexed rate will adjust annually, in which case your payment may increase. Based on a recently published index, the initial fully indexed rate rounded to the nearest 0.125% would be 4.250% with principal and interest payments of $3548.39. Disclosed payments do not include taxes and insurance premiums, so the actual payment amount may be greater.  

7/1 LIBOR ARM (Interest Only)1
*7 YEAR LIBOR ARM (Interest Only)* *0 points:* This adjustable rate mortgage (ARM) offers interest only payments for 10 years and principal and interest payments thereafter based on a 20-year amortization. The rate of interest is fixed the first 7 years and may adjust annually thereafter for the remaining 7 years using a fully indexed rate (index plus margin) rounded to the nearest 0.125%. For example, during the first 7 years the initial interest only payment is $2109.38 on a $750000 ARM with a fixed rate of interest of 3.375%, 60% loan-to-value (LTV), 0 points due at closing and 3.828% Annual Percentage Rate (APR). After 7 years, the interest rate is no longer fixed and may adjust annually, in which case your payment may increase. Based on a recently published index, the fully indexed rate rounded to the nearest 0.125% would be 4.250% with interest only payments of $2578.12. After 10 years, the fully indexed rate may adjust annually and the payment will switch from interest only to a principal and interest payment of $3968.74 for the remaining 20 years, based on the then current index and margin. Disclosed payments do not include taxes and insurance premiums, so the actual payment amount will be greater.  

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10/1 LIBOR ARM1
*0 point Standard Product Offering:* This adjustable rate mortgage (ARM) offers principal and interest payments based on a 30-year amortization and may adjust annually thereafter for the remaining 20 years using a fully indexed rate (index plus margin) rounded to the nearest 0.125%. For example, during the first 10 years the initial payment on a 30-year $750000 loan is $3212.82 at 3.125%, with 60% loan-to-value, 0 points due at closing and 3.542% Annual Percentage Rate (APR). After the initial 10 years, the fully indexed rate will adjust annually, in which case your payment may increase. Based on a recently published index, the initial fully indexed rate rounded to the nearest 0.125% would be 4.250% with principal and interest payments of $3509.03. Disclosed payments do not include taxes and insurance premiums, so the actual payment amount may be greater.  

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15-Year Fixed1
15-Year Fixed-Rate Mortgage: The payment on a $750000 15-year Fixed-Rate Loan at 3.250% and 60% loan-to-value (LTV) is $5270.02 with 0 points due at closing. The Annual Percentage Rate (APR) is 3.299%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.  

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1. For Jumbo loans, the APR and Monthly Payment calculation is based on a loan amount of $750,000. Current Rates: Due to market fluctuations, interest rates are subject to change at any time and without notice and are subject to credit and property approval based on underwriting guidelines. The rates and APRs shown are based on a purchase or rate and term refinance of an owner occupied, single family residence, with 60% Loan-to-Value (LTV),for our best-qualified customers.

Interest‐only mortgages have an initial interest‐only payment period followed by a fully amortizing payment period. After the interest only period ends, your monthly payments will increase because you will be paying both principal and interest.

In order to participate, the borrower must agree that the lender, Quicken Loans, may share their information with Charles Schwab Bank.

This offer is subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an obligation to lend. Loans are subject to credit and collateral approval. Other conditions and restrictions may apply. Hazard insurance may be required.

Quicken Loans is licensed in all 50 states. Quicken Loans Inc.; NMLS #3030; www.NMLSConsumerAccess.org. Equal Housing Lender. Licensed in 50 states. AR, TX: 1050 Woodward Ave., Detroit, MI 48226-1906, (888) 474-0404; AZ: 1 N. Central Ave., Ste. 2000, Phoenix, AZ 85004, Mortgage Banker License #BK-0902939; CA: Licensed by Dept. of Business Oversight, under the CA Residential Mortgage Lending Act and Finance Lenders Law; CO: Regulated by the Division of Real Estate; GA: Residential Mortgage Licensee #11704; IL: Residential Mortgage Licensee #4127 – Dept. of Financial and Professional Regulation; KS: Licensed Mortgage Company MC.0025309; MA: Mortgage Lender License #ML 3030; ME: Supervised Lender License; MN: Not an offer for a rate lock agreement; MS: Licensed by the MS Dept. of Banking and Consumer Finance; NH: Licensed by the NH Banking Dept., #6743MB; NV: License #626; NJ: New Jersey – Quicken Loans Inc., 1050 Woodward Ave., Detroit, MI 48226, (888) 474-0404, Licensed by the N.J. Department of Banking and Insurance.; NY: Licensed Mortgage Banker – NYS Banking Dept.; OH: MB 850076; OR: License #ML-1387; PA: Licensed by the Dept. of Banking – License #21430; RI: Licensed Lender; WA: Consumer Loan Company License CL-3030. Conditions may apply. Lending services provided by Quicken Loans Inc., a subsidiary of Rock Holdings Inc. “Quicken Loans” is a registered service mark of Intuit Inc., used under license.

Charles Schwab Bank and Charles Schwab & Co., Inc., are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Investment products are offered by Charles Schwab & Co., Inc. (member SIPC) are not insured by the FDIC, are not deposits or obligations of Charles Schwab Bank, and are subject to investment risk, including the possible loss of principal invested. Charles Schwab & Co., Inc., does not solicit, offer, endorse, negotiate, or originate any mortgage loan products and is neither a licensed mortgage broker nor a licensed mortgage lender. Home lending is offered and provided by Quicken Loans Inc., Equal Housing Lender. is not affiliated with The Charles Schwab Corporation, Charles Schwab & Co., Inc., or Charles Schwab Bank. Deposit and other lending products are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.