“CMG Mortgage, Inc. dba CMG Home Loans, NMLS# 1820, is an equal housing lender. Registered Mortgage Banker with the Texas Department of Savings and Mortgage Lending. www.nmlsconsumeraccess.org. 11331 James Watt Drive, Bldg F200, El Paso, TX 79936, Branch NMLS# 1793450
*The rates shown are for educational purposes only, not a commitment to lend, please contact LO to see your qualified rate. Payment Example: 10/6 ARM, Purchase Price $247,950, 5% Down Payment, $235,552 Loan Amount, 30 year term, initial interest rate 3.375% (5.099%% APR), for initial 120 payments of $1,042.00. not including mortgage insurance/taxes/insurance.
Post Introductory Period Example: Interest Rate = SOFR + Margin. Payment can adjust every 6 months. Sample Repayments at month 120 with balance of $181,596: 3% Margin, 4.311% SOFR (2/2/23), 7.250% variable rate, $1,435.00 monthly payment. At max interest rate of 8.375%, payment is $1,562.”
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