Examples of mortgage products and scenarios listed on TXMortgageGroup.com

*30-Year Fixed-Rate Mortgage: The payment on a $200,000 30-year Fixed-Rate Loan at 5.00% and 70% loan-to-value (LTV) is $1073.64. The Annual Percentage Rate (APR) is 5.170%. Payment does not include taxes and insurance premiums.

*15-Year Fixed-Rate Mortgage: The payment on a $200,000 15-year Fixed-Rate Loan at 4.50% and 70% loan-to-value (LTV) is $1529.99. The Annual Percentage Rate (APR) is 4.787%. Payment does not include taxes and insurance premiums.

*FHA Loan: Rate is fixed. The payment on a $204,250, 30-year fixed rate loan at 5.00% and 90% loan-to-value (LTV) is $1248.79. Payment includes a one time upfront mortgage insurance premium (MIP) at 1.0% of the base loan amount and a monthly MIP calculated at 0.90% of the base loan amount. The 0.90% monthly MIP will be paid until the loan reaches 78% LTV, provided the MIP has been paid for a minimum of 5 years. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments until the end of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. The Annual Percentage Rate (APR) is 5.756%.

*30-year Fixed-Rate VA Loan: Rate is fixed. The payment on a $200,000 30-year fixed-rate loan at 5.00% and 90% loan-to-value (LTV) is $1100.65. The Annual Percentage Rate (APR) is 5.169%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.

*Adjustable-Rate Mortgage: The payment on a 30-year $200,000 5-year Adjustable-Rate Loan at 4.50% and 70% loan-to-value (LTV) is $1013.37. After 5 years, the principal and interest will increase or decrease based upon the value of the predetermined index. Payment does not include taxes and insurance premiums. The Annual Percentage Rate (APR) is 7.625%. Rate is variable.