Fixed Rate Example:  

Based on the rate of 4.000%, as of 10/22/2013, a real estate transaction with a purchase price of $300,000 down payment of 33.33% and loan amount of $200,000 would have 360 monthly principal and interest payments  at $954.83. Payment amounts do not include taxes, insurance or mortgage insurance premiums which, if applicable, will result in a greater payment obligation.

5/1 ARM Example:

This is a variable rate loan program, rates and monthly payment amounts are subject to increase after consummation. Based on the initial rate of 3.000%, as of 10/22/2013 and the current index and margin, a real estate transaction with a  purchase price of $300,000 down payment of 33.33% and loan amount of $200,000 would have 60 initial monthly principal and interest payments at $843.21, followed by 12 monthly principal and interest payments at $843.21 and 288 monthly principal and interest  payments at $843.21. Payment amounts do not include taxes, insurance or mortgage insurance premiums which, if applicable, will result in a greater payment obligation.

3/1 ARM Example:

This is a variable rate loan program, rates and monthly payment amounts are subject to increase after consummation. Based on the initial rate of 2.875%, as of 10/22/2013 and the current index and margin, a real estate transaction with a  purchase price of $300,000, down payment of 33.33% and loan amount of $200,000 would have 36 initial monthly principal and interest payments at $829.78, followed by 12 monthly principal and interest payments at $829.78 and 288 monthly principal and interest  payments at $829.78. Payment amounts do not include taxes, insurance or mortgage insurance premiums which, if applicable, will result in a greater payment obligation.