These rates, terms, and calculations are being provided for educational purposes only. The results are estimates based on assumptions and general scenarios and may not reflect CrossCountry Mortgage, LLC product terms. The information cannot be used by CrossCountry Mortgage, LLC to determine a customer’s eligibility for a specific product or service. All financial calculators are provided by a third-party and CrossCountry Mortgage, LLC is not responsible for the results or the accuracy of the information. All loans subject to underwriting approval. Certain restrictions apply. Please keep in mind that we don’t have all your information. Therefore, the rate and payment results you see from this example may not reflect your actual situation. To get more accurate and personalized results, please call (858) 353-8331 to talk to one of our mortgage experts.

¹Loan-to-value ratio (LTV), which represents the ratio of the loan amount to the value of the home. With an 80% LTV (20% down payment), you will avoid monthly private mortgage insurance (PMI) and may receive a lower interest rate.

²At a 6.125% interest rate, the Annual Percentage Rate(APR) for this loan type is 6.144%, not subject to increase after consummation. The monthly payment schedule would be 359 payments of $4,860.88 at an interest rate of 6.125% and 1 payment of $4,865.45 at an interest rate of 6.125%. This payment schedule is based on a $800,000 loan on a $1,000,000 property in San Diego County, CA. At a 8.500% interest rate, the Annual Percentage Rate(APR) for this loan type is 8.524%, not subject to increase after consummation. The monthly payment schedule would be 359 payments of $5,497.73 and 1 payment of $5,550.20 at an interest rate of 8.500%. This payment schedule is based on a $715,000 loan on a $893,750 property in San Diego County, CA. At a 8.875% interest rate, the Annual Percentage Rate(APR) for this loan type is 8.900%, not subject to increase after consummation. The monthly payment schedule would be 359 payments of $5,688.86 and 1 payment of $5,690.49 at an interest rate of 8.875%. This payment schedule is based on a $715,000 loan on a $893,750 property in San Diego County, CA. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.

³Housing ratio, which represents the percentage of your total income that goes toward housing expenses.

⁴Debt-to-Income ratio (DTI), which represents your total debt payments, plus housing expenses, as a percentage of your total income. Lenders will typically look at any of these ratios as constraints, meaning once any of these ratio limits is reached, the amount of the loan will be capped.

⁵Monthly payment does not include taxes and insurance premiums, actual payment will be greater.

Repayment of a mortgage loan requires the borrower to make a monthly payment to the lender. The monthly payment includes repayment of the loan principal and interest on the outstanding balance. Loan payments are amortized, meaning your monthly payment remains the same during the repayment period, but the percentage of the amount that goes toward principal will increase as the outstanding mortgage balance decreases. Mortgage payments can include escrows, which are pre-payments of property taxes, homeowner’s insurance, and monthly homeowner’s association dues into an escrow account, managed by your lender. When those items are due, your lender pays the tax authority, insurance company or homeowners association, as applicable.