| Basic Features Plan A and Plan B | Plan A | Plan B |
|---|---|---|
| Fixed Annual Percentage Rate | ||
| Variable annual percentage rate | ||
| Index used and current value | ||
| Amount of margin | ||
| Current rate | ||
| Frequency of rate adjustments | ||
| Amount/length of discount (if any) | ||
| Interest rate caps and floor | ||
| Length of Plan | ||
| Draw period | ||
| Repayment period | ||
| Initial Fees | ||
| Appraisal fee | ||
| Application fee | ||
| Up-front charges, including points | ||
| Closing costs | ||
| Repayment Terms: During the draw period | ||
| Interest and principal payments | ||
| Interest only payments | ||
| Fully amortizing payments | ||
| Repayment Terms: When the draw period ends | ||
| Balloon payments | ||
| Renewal available | ||
| Refinancing of balance by lender | ||