 |
 |
| Exhibit 3 |
|
Before |
|
|
Loan Program |
Loan Amt |
|
Monthly Payment |
30 Yr Fix |
$435,492 |
7.250% |
$2,967 |
|
| Settlement |
|
After |
|
|
Loan Program |
Int. Rate |
Monthly Payment |
Fix |
3.50% |
$1,953 |
|
|
|
| Annual Savings |
| ($12,168 per yr over lifetime of loan) |
|
|
| Exhibit 4 |
|
Before |
|
|
Loan Program |
Loan Amt |
Int. Rate |
Monthly Payment |
Option Arm |
$400,000 |
7.875% |
$3,117 |
|
| Settlement |
|
After |
|
|
Loan Program |
Int. Rate |
Monthly Payment |
Fix |
(3% 1st 5 yrs)( 5% for 1 yrs) |
($1,920.45 for 5 yrs) |
|
(7% lifetime) |
($2,320.03 1 yr) |
|
|
($2,743.5 lifetime) |
|
|
|
| Annual Savings |
| ($14,358.60 1st 5 yrs)($9,563.64 1 yr)($4,482 lifetime) |
|
|
