Get a Great 5/1 ARM Rate Initial rates as low as 2.875%* / 3.187% APR* Terms and Conditions
Get a Great 5/1 ARM Rate - Adjustable Rate Conventional Mortgage (ARM) Disclosure current as of June 1, 2015. The advertised loan is a 5/1 ARM Conventional Mortgage with a 30 year fully-amortizing term with an actual rate made available to consumers by at least one member of Bills.com's lender network on June 1, 2015. An adjustable-rate mortgage (ARM) is a loan with an interest rate that changes after an initial fixed period, in this case 5 years. ARMs may start with lower monthly payments, and could be less expensive over a long period, than fixed-rate mortgages, but keep in mind that your monthly payments could change. The monthly payments could have a substantial increase if interest rates go up. More important information: The initial interest rate is fixed for 5 years. After the initial fixed period, the interest rate (and so the payment) will adjust each year. The rate will equal the total of the 1-YEAR LIBOR index (0.98 as of 02/06/2013) plus a margin of 2.25%. The most your rate can change year-to-year after the fixed period is 2%, while the most the rate can increase above the initial interest rate is 6%. If the interest rate adjusted to the maximum rate (which could not occur until after the 8th year), the maximum monthly payment would be $[max_monthly_payment] on a loan of $250,000. Prepayment penalties may apply if you refinance or repay the loan within 3 years for loans from some lenders in some states. Please ensure you understand whether or not this applies to any loan you are offered. The chart below shows the interest rate, APR, and the initial monthly payment:  Payment Examples: Loan Amount    Initial Interest Rate   (first 5 years) APR         Initial Monthly Payments (first 5 years) $250,000 2.875% 3.187% $1,037 Disclosure Assumptions Interest rate quoted assumes a credit score of 740 with a maximum loan-to-value ratio of 80% on a primary residence in CA. This means you must have excellent credit, and must have at least 20% equity in your home. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lenders. The disclosed APR is based on 0.000 discount points*, lender fees of $1,950 and the other fees and charges imposed by the Lender and other service providers which will be due at closing. Interest rate and APR are variable and subject to increase Neither TheEasyLoanSite.com nor Bills.com, LLC is a lender. Specific rates and terms offered to our applicants by specific lenders and providers within the network may vary, though our lenders and providers understand they are in a competitive environment and are likely to offer highly-competitive rates directly to our applicants. Not available in all states. Rates are subject to change daily without notice. Payment amounts shown do not include taxes or homeowners insurance. *Discount points are calculated as a percentage of the loan amount. Discount points are optional if you would like to pay for a reduction in your interest rate. Discount points are fees paid to your lender as an option, usually at closing. One point equals 1% of your mortgage amount. You may be able to pay one or more points. A lower interest rate equates to a lower monthly mortgage payment.

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