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Adjustable-Rate Mortgage: The initial payment on a 30-year $200,000 5-year Adjustable-Rate Loan at 2.99% and 75% loan-to-value (LTV) is $842.13 with 2.00 points due at closing. The Annual Percentage Rate (APR) is 3.561%. After the initial 5 years, the principal and interest payment is $890.01. The fully indexed rate of 3.50% is in effect for the remaining 25 years and can change once every year for the remaining life of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Rate is variable and subject to change after 5 years.