US Bank Mortgage

Conforming fixed-rate estimated monthly payment and APR example: A $405,000 loan amount with a 30-year term at an interest rate of 6.625% with a down payment of 25% and no discount points purchased would result in an estimated monthly principal and interest payment of $2,594 over the full term of the loan with an annual percentage rate (APR) of 6.794%.

Estimated monthly payment and APR calculation are based on a down payment of 25% and borrower-paid finance charges of 0.862% of the base loan amount. If the down payment is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the APR. Estimated monthly payment does not include amounts for taxes and insurance premiums and the actual payment obligation will be greater.