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Tropical Financial and our 5/6 ARM is the right Florida home loan for you!

Benefits include: 

  • Lower monthly payments when compared to a conventional home loan
  • This loan is available on primary and secondary residences
  • No prepayment penalty
  • Some condominiums may qualify
  • Rate will not increase more than 1% every 6 months
  • Interest rate cannot increase more than 5% above the initial rate over the life of the loan

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5/6 ARM New Purchase Rates

Rates effective November 14, 2022  

5/6 ARM
(variable rate)
5.125%*

Points: 1.000%

5.702% APR**

What's the rate?*

Important Loan Information
 
 
The information provided assumes the purpose of the loan is to refinance a property as a rate and term refinance, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will continue to be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.125% initial interest rate, the APR for this loan type is 5.702%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 60 payments of $816.73 at a rate of 5.125%
  • 299 payments of $868.08 at a rate of 5.750%
  • 1 payment of $865.53 at a rate of 5.750%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

What's the APR?**

Important Loan Information
 
 
The information provided assumes the purpose of the loan is to refinance a property as a rate and term refinance, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will continue to be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.125% initial interest rate, the APR for this loan type is 5.702%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 60 payments of $816.73 at a rate of 5.125%
  • 299 payments of $868.08 at a rate of 5.750%
  • 1 payment of $865.53 at a rate of 5.750%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
Jumbo 5/6 ARM
(variable rate)
5.125%*

Points: 1.000%

5.622% APR**

What's the rate?*

Important Loan Information 
 
 
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $750,000 and an estimated property value of $1,000,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.125% initial interest rate, the APR for this loan type is 5.622%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 60 payments of $4083.65 at a rate of 5.125%
  • 299 payments of $4340.38 at a rate of 5.750%
  • 1 payment of $4339.66 at a rate of 5.750%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

What's the APR?**

Important Loan Information 
 
 
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $750,000 and an estimated property value of $1,000,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.125% initial interest rate, the APR for this loan type is 5.622%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 60 payments of $4083.65 at a rate of 5.125%
  • 299 payments of $4340.38 at a rate of 5.750%
  • 1 payment of $4339.66 at a rate of 5.750%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

5/6 ARM Refinance Rates

5/6 ARM
(variable rate)
5.125%*
Points: 1.000%
5.702% APR**

What's the rate?*

Important Loan Information

 

The information provided assumes the purpose of the loan is to refinance a property as a rate and term refinance, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will continue to be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.125% initial interest rate, the APR for this loan type is 5.702%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 60 payments of $816.73 at a rate of 5.125%
  • 299 payments of $868.08 at a rate of 5.750%
  • 1 payment of $865.53 at a rate of 5.750%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

What's the APR?**

Important Loan Information

 

The information provided assumes the purpose of the loan is to refinance a property as a rate and term refinance, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will continue to be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.125% initial interest rate, the APR for this loan type is 5.702%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 60 payments of $816.73 at a rate of 5.125%
  • 299 payments of $868.08 at a rate of 5.750%
  • 1 payment of $865.53 at a rate of 5.750%

 

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
Jumbo 5/6 ARM
(variable rate)
5.125%

Points: 1.000%

5.622% APR**

What's the rate?*

Important Loan Information
 
 
The information provided assumes the purpose of the loan is to refinance a property as a rate and term refinance, with a loan amount of $750,000 and an estimated property value of $1,000,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will continue to be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.125% initial interest rate, the APR for this loan type is 5.622%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 60 payments of $4083.65 at a rate of 5.125%
  • 299 payments of $4340.38 at a rate of 5.750%
  • 1 payment of $4339.66 at a rate of 5.750%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

What's the APR?**

Important Loan Information
 
 
The information provided assumes the purpose of the loan is to refinance a property as a rate and term refinance, with a loan amount of $750,000 and an estimated property value of $1,000,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will continue to be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.125% initial interest rate, the APR for this loan type is 5.622%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 60 payments of $4083.65 at a rate of 5.125%
  • 299 payments of $4340.38 at a rate of 5.750%
  • 1 payment of $4339.66 at a rate of 5.750%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.