HOMEBUYER LOAN RATES

Fixed Rate	3.625%	3.786% APR
FHA Plus	3.875%	4.039% APR
Homebuyer Tax Credit Plus First	3.875%	4.039% APR

APR (Annual Percentage Rate) Calculator

The APR describes the interest rate for a whole year (annualized), rather than as just a monthly fee/rate. This calculator is a simple way to compare the actual costs of different mortgage loans in terms of the loan’s APR.

VHDA's current Conventional Fixed interest rate is 3.625%.

Loan Balance:
Interest Rate:
Term:	Frequency
Points:
Additional Finance Charges:

Definitions

Loan Balance: The initial loan amount you wish to finance.

Interest Rate: Please see the current interest rates for the latest rates.

Period: This is the length of the loan, which you can specify in years or months.

Points: The points specified in the mortgage program. See the current interest rates for rates and points.

Additional Finance Charges: The total cost of mortgage insurance or the sum of all your monthly insurance payments and tax service fee and flood certificate fees.

APR: The annual percentage rate (APR) which takes into account for the interest rate, points and mortgage insurance.

*This information is for your personal use. Although the script has been tested, the information provided is not guaranteed. Please verify any information with your loan officer.