All loans subject to credit approval. Rate shown for the adjustable rate period is estimated and based on recent values for the LIBOR Index and margin. Seven years from now, rates could be significantly higher than this estimate. Rates shown assume standard mortgage qualifications, underwriting requirements, and Relationship Pricing. Relationship Pricing requires applicants to establish a Bank of the West personal checking account with a debit card and automatic electronic mortgage payments, and is subject to the terms of a Relationship Pricing Promotion Agreement. Example based on Refinance of owner-occupied, single family residence in California with a loan amount of $800,000, 80% loan-to-value, and minimum 740 FICO score. The actual APR will vary based on your credit history, loan amount, loan term, discount points and other finance charges, and may be different than the rates displayed here. Rates shown are subject to change without notice. Other products and terms are available. Additional fees, conditions, and restrictions may apply. These rates are intended for informational purposes and are not an offer to extend consumer credit.
EXAMPLE: The 7/1 Adjustable-Rate Mortgage is a 30-year mortgage, with fully amortizing principal and interest payments and an initial 7-year fixed rate period. After the 7-year fixed period, the payments, interest rate and annual percentage rate may increase or decrease. Based on a sample rate of 4.250% with .125 points, which are included in the typical total average closing costs of $4,911, a loan of $800,000 would have an APR of 4.787% and monthly payment of $3,936 for the first 84 months. Beginning at month 85, assuming a new interest rate of 5.250%, the new monthly payment would be $4,325.79 until the next annual change date. The rate and payment may change annually based on changes to the index value. The monthly payments shown do not include amounts for taxes and insurance premiums, so the actual payment obligation will be greater.