Who says owning a home costs an arm and a leg?? With 5/1 ARM financing, you can ease into the costs of homeownership with a 3.49% interest rate for the first five years, lowering your monthly payments and saving you money while increasing your equity.

Here's how it works, based on a $350,000 sales price:

Year	Maximum Interest Rate	Mortgage Principal & Interest
Years 1-5	3.49%	$1,541 / month
Year 6	4.49%	$1,739 / month
Years 7	5.49%	$1,949 / month

Comparatively, the same mortgage with a 4.99% fixed rate would cost you $1,843/month. Because of the lower monthly payments with the ARM, over the first five years of your mortgage, you'll pay $18,088 LESS with the ARM than with the fixed rate - Now THAT's math that makes sense.

Starting in year 6, your rate can be adjusted by up to 1% each year, with a maximum rate of 8.49%. You may be thinking, "That sounds high." But consider this: Your rate will be lower than a fixed rate until year 7. You might move within 7 years. You might make extra payments and pay down your mortgage before it adjusts. And, you can refinance to a fixed rate at any time. So, take advantage of that low 5/1 ARM rate, and keep more money in your pocket.

This special financing is only available on select move-in ready homes and for a limited-time - Connect with a New Home Specialist for more information and a list of homes eligible for 5/1 ARM financing.

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