Assumptions, Loan Terms & Important Disclosures

1st Capital Group, a DBA of GFL Capital Mortgage, Inc. | NMLS #64367 | Licensed Mortgage Lender in the State of Florida

General Disclosures

Information is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Not all applicants will qualify. Rates and terms are subject to change based on market conditions and borrower eligibility.

Example Loan Scenarios

The following examples are provided for illustrative purposes only and do not represent actual loan offers. Your actual rate, payment, and costs may differ based on your individual financial situation, creditworthiness, property type, and other factors.

Conventional Loan Example

Loan Amount: 50,000. Purchase Price: 37,500. Down Payment: 20% (7,500). Loan Term: 30-year fixed. Example Interest Rate: 6.75%. Example APR: 6.92%. Estimated Monthly Payment (principal and interest only): ,270. Monthly payment does not include property taxes, homeowners insurance, or HOA dues. With estimated taxes (50/mo) and insurance (00/mo), total estimated payment: ,820/mo. PMI is not required with 20% down payment. Minimum credit score requirements apply. Rates shown are for illustrative purposes and are subject to change.

FHA Loan Example

Loan Amount: 39,625. Purchase Price: 50,000. Down Payment: 3.5% (2,250). Loan Term: 30-year fixed. Example Interest Rate: 6.25%. Example APR: 7.38%. Estimated Monthly Payment (principal and interest only): ,091. Upfront Mortgage Insurance Premium (UFMIP): 1.75% of loan amount (,943), typically financed into the loan. Annual Mortgage Insurance Premium (MIP): 0.55% (55/mo). Total estimated payment with taxes (92/mo), insurance (75/mo), and MIP: ,713/mo. FHA loans require a minimum credit score of 580 for 3.5% down payment. Lower credit scores may require a higher down payment. Rates shown are for illustrative purposes and are subject to change.

VA Loan Example

Loan Amount: 00,000. Purchase Price: 00,000. Down Payment: 0% (/bin/sh). Loan Term: 30-year fixed. Example Interest Rate: 6.00%. Example APR: 6.28%. Estimated Monthly Payment (principal and interest only): ,398. VA Funding Fee: 2.15% for first-time use (,600), typically financed into the loan. No monthly mortgage insurance required. Total estimated payment with taxes (33/mo) and insurance (00/mo): ,931/mo. VA loans are available to eligible veterans, active-duty service members, and surviving spouses. A Certificate of Eligibility (COE) is required. Rates shown are for illustrative purposes and are subject to change.

Down Payment Assistance (DPA) Disclosure

Down Payment Assistance Programs (DPA) are meant to help offset the down payment and/or closing costs associated with purchasing a home for eligible homeowners. Some DPA programs take the form of a second mortgage. The DPA is a second lien that is subordinate to your primary mortgage. It is important to note that this may have a repayment requirement with this type of loan in addition to your mortgage payment. Every DPA program has different requirements. These limitations or criteria need to be disclosed to the borrower. Programs such as Hometown Heroes, FL Assist, and county or city grants each have their own income limits, property requirements, and repayment terms. Ask your loan officer for additional information and restrictions. Not all applicants will qualify.

Calculator Disclaimer

Any calculators or tools provided on this website are made available as educational tools only. Calculations are based on borrower-input information. These tools are not advertisements for specific terms, interest rates, or payment amounts. They are not advertisements to extend credit as defined by Regulation Z, nor applications for credit as defined by RESPA/Regulation X. Results are designed for comparative purposes only, and accuracy is not guaranteed.

Refinance Disclosure

As a result of refinancing, your total finance charges may be higher over the life of the loan. This is not a commitment to lend. Not all borrowers will meet the requirements necessary to qualify. Rates and terms are subject to change based on market conditions and borrower eligibility.

Equal Housing Opportunity

1st Capital Group is an Equal Housing Lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. We do not discriminate on the basis of race, color, religion, national origin, sex, handicap, familial status, or any other basis protected by law.

1st Capital Group as dba of GFL Capital Mortgage Inc | Company NMLS #64367 | Licensed Mortgage Lender in the State of Florida | Equal Housing Lender
For licensing information, visit NMLS Consumer Access.