1 Savings is over the life of the loan and assumes the difference between the current 10 year Equity Builder and the conventional 30 year mortgage.
2 Comparison is between a 10 year Equity Builder Mortgage and a conventional 30 year mortgage each starting with a principal balance of $250,000. For comparative purposes the Equity Builder Rate used was 2.75% with a monthly P&I payment of $2,385.28 for a total of 120 payment s of $286,233.09, compared to a 30 year rate of 4.00% with a P&I payment of $1,193.54 for a total of 360 payments of $429,673.77 .