|
| Without
Down Payment Assistance |
With
Down Payment Assistance |
| Low Interest Rate Mortgage Program |
| Current Interest Rate (short-term lock-in rate) |
4.875% |
5.375% |
| Points1 |
0% |
0% |
| Annual Percentage Rate (APR)2 |
4.875% |
5.375% |
| Maximum Financing |
97% |
97% |
| Monthly payment per $1,000 borrowed |
$4.74 |
$5.07 |
| Remodel New York Program |
| Current Interest Rate (short-term lock-in rate) |
4.875% |
5.375% |
| Points1 |
0% |
0% |
| Annual Percentage Rate (APR)2 |
4.875% |
5.375% |
| Maximum Financing |
97% |
97% |
| Monthly payment per $1,000 borrowed |
$4.74 |
$5.07 |
| Achieving the Dream Mortgage Program4 |
| Current Interest Rate3 |
4.375% |
4.875% |
| Points1 |
0% |
0% |
| Annual Percentage Rate (APR)2 |
4.375% |
4.875% |
| Maximum Financing |
97% |
97% |
| Monthly payment per $1,000 borrowed |
$4.42 |
$4.74 |
| Construction Incentive Program4 |
|
|
| Current Interest Rate (long-term lock-in rate) |
4.875% |
5.375% |
| Points1 |
0% |
0% |
| Annual Percentage Rate (APR)2 |
4.875% |
5.375% |
| Maximum Financing |
97% |
97% |
| Monthly payment per $1,000 borrowed |
$4.74 |
5.07 |
1 Applicant must pay a 1% rate lock-in fee within 14 days from application. The fee will be refunded or credited towards closing costs by the
Participating Lender at closing.
2 APR calculation does not include
PMI, if any.
3 Achieving the Dream offers both
short-term lock-ins and
long-term lock-ins.
4 ENERGY STAR® interest rates are 0.50% lower than our standard interest rates for loans with down payment assistance.
Call SONYMA at 800-382-HOME (4663) or contact a SONYMA Participating Lender for further details.
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Last updated: 1/15/2010 9:17:22 AM