2.625% 5/1 ARM, NO POINTS 2.625% (2.808% APR) $1,500,0001 New Payments: 1-60: $6,024 61-360: $7,455
3.50%
10/1 ARM, NO POINTS 2.875% (3.537% APR) $1,500,0002 New Payments: 1-120: $6,735 121-360: $6,735
ADAM BLACK VP, Senior Loan Officer 805.452.8393 ablack@bankofmanhattan.com bankofmanhattan.com
Bank of Manhattan is an equal opportunity employer; for conndential consideration for employment please send your resume to csalceda@bankofmanhattan.com Cannot combine with any other specials. Payment examples do not include taxes and insurance premiums; actual payment amount will be greater. Example #1 assumes a 30% down payment on a 30-year PURCHASE loan of $1,500,000; 5-year Adjustable-Rate at 2.625% (rate) and 70% loan-to-value (LTV), 38% DTI, with a 760 FICO score; first initial payment is $6,024 with no points due at closing, the Annual Percentage rate (APR) is 2.808% after the initial 5 years, the principal and interest payment is $7,455.The fully indexed rate of 3.00% is in effect for the remaining 25 years and can change once every year for the remaining life of the loan. Rate is variable and subject to change after 5 years. Example #2 assumes a 30% down payment on a 30-year PURCHASE loan of $1,500,000; 10-year Adjustable-Rate at 3.500% (rate) and 70% loan-to-value (LTV), 38% DTI, with a 760 FICO score; first initial payment is $6,735 with no points due at closing, the Annual Percentage rate (APR) is 3.537%. after the initial 10, years, the principal and interest payment is $6,735. The fully indexed rate of 3.00% is in effect for the remaining 20 years and can change once every year for the remaining life of the loan. Rate is variable and subject to change after 10 years. Rates and Annual Percentage Rates ( APR ) stated above are as of 7/29/13. Terms may vary, conditions and restrictions apply. Actual rate for the loan is determined at the time of rate lock based upon program and terms requested. Rates and terms are subject to change without notice. NMLS #40122 Š2013 Bank of Manhattan, N.A.
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