## Repayment Terms

Repayment Terms for advertisements on the Internet for Town Square Mortgage & Investments, LLC.

The advertised loan is a Conventional 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 5.500% for 360 months with Annual Percentage Rate (APR) of 5.573%. For a loan amount of $448,000.00 with a loan to value (LTV) of 80%, the principal and interest payment would be $2,543.69 for 360 months. Payments shown do not include taxes or insurance; actual payment obligations will be greater.

The advertised loan is a Conventional 15-year Fixed Rate Loan with a 15-year fully amortizing term. The interest rate is 4.750% for 180 months with Annual Percentage Rate (APR) of 4.862%. For a loan amount of $504,000.00 with a loan to value (LTV) of 60%, the principal and interest payment would be $3,920.27 for 180 months. Payments shown do not include taxes or insurance; actual payment obligations will be greater.

The advertised loan is a Conventional 30-year 5/6 Adjustable-Rate Loan with a 30-year fully amortizing term. The interest rate is 4.000% for 360 months with Annual Percentage Rate (APR) of 3.601%. For a loan amount of $280,000.00 with a loan to value (LTV) of 80%, the principal and interest payment would be $1,336.76 for 360 months. Payments shown do not include taxes or insurance; actual payment obligations will be greater. Limitations on interest rate payment changes. Your interest rate will not increase or decrease on the first change date by more than 2.0 percentage points from the initial interest rate, excluding any buydowns. After the initial adjustment period, your interest rate will not increase or decrease by more than 1.0 percentage points every six months. Your interest rate cannot increase or decrease more than 5.0 percentage points above the initial interest rate (excluding on buydown) over the life of the loan.

The advertised loan is a Conventional 30-year 7/6 Adjustable-Rate Loan with a 30-year fully amortizing term. The interest rate is 5.125% for 360 months with Annual Percentage Rate (APR) of 4.054%. For a loan amount of $760,000.00 with a loan to value (LTV) of 80%, the principal and interest payment would be $4,138.10 for 360 months. Payments shown do not include taxes or insurance; actual payment obligations will be greater. Limitations on interest rate payment changes. Your interest rate will not increase or decrease on the first change date by more than 5.0 percentage points from the initial interest rate, excluding any buydowns. After the initial adjustment period, your interest rate will not increase or decrease by more than 1.0 percentage points every six months. Your interest rate cannot increase or decrease more than 5.0 percentage points above the initial interest rate (excluding on buydown) over the life of the loan.

Current guidelines for VA Financing can be found at http://www.benefits.va.gov/homeloans/index.asp. The advertised loan is a VA 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 5.750% for 360 months with Annual Percentage Rate (APR) of 5.781%. For a loan amount of $523,000.00 with a loan to value (LTV) of 100%, the principal and interest payment would be $3,052.09 for 360 months. This scenario is for a veteran exempt from the funding fee. Payments shown do not include taxes or insurance; actual payment obligations will be greater.

The advertised loan is an FHA 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 6.250% for 360 months with Annual Percentage Rate (APR) of 7.411%. For a loan amount of $311,695.00 with a loan to value (LTV) of 96.5%, the principal and interest payment would be $1,952.74 for 360 months (total loan amount of $317,149.00 financing UFMIP). Payments shown do not include taxes or insurance; actual payment obligations will be greater.

The advertised loan is an FHA 15-year Fixed Rate Loan with a 15-year fully amortizing term. The interest rate is 3.000% for 180 months with Annual Percentage Rate (APR) of 4.152%. For a loan amount of $227,000.00 with a loan to value (LTV) of 66.3%, the principal and interest payment would be $1,595.05 for 180 months (total loan amount of $230,972.00 financing UFMIP). Payments shown do not include taxes or insurance; actual payment obligations will be greater.

The advertised loan is an FHA 30-year 5/1 Adjustable-Rate Loan with a 30-year fully amortizing term. The interest rate is 4.000% for 360 months with Annual Percentage Rate (APR) of 4.754%. For a loan amount of $280,000.00 with a loan to value (LTV) of 80%, the principal and interest payment would be $1,360.16 for 360 months (total loan amount of $284900.00 financing UFMIP). Payments shown do not include taxes or insurance; actual payment obligations will be greater. Limitations on interest rate payment changes. Your interest rate will not increase or decrease on the first change date by more than 1.0 percentage point from the initial interest rate, excluding any buydowns. After the initial adjustment period, your interest rate will not increase or decrease by more than 1.0 percentage point per year. Your interest rate cannot increase or decrease more than 5.0 percentage points above the initial interest rate (excluding on buydown) over the life of the loan.

The advertised loan is an USDA 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 5.625% for 360 months with Annual Percentage Rate (APR) of 6.336%. For a loan amount of $175,000.00 with a loan to value (LTV) of 101.010%, the principal and interest payment would be $1,073.64 for 360 months (total loan amount of $176767.00 financing 1% guarantee fee). Payments shown do not include taxes or insurance; actual payment obligations will be greater.

All examples listed above are only estimates and should not be construed as a binding contract. Not all applicants will qualify. Rates and terms are subject to change without notice. Provider does not assume liability of error.

Current guidelines for VA Financing can be found at http://www.benefits.va.gov/homeloans/index.asp. The advertised loan is a VA 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 5.750% for 360 months with Annual Percentage Rate (APR) of 5.781%. For a loan amount of $523,000.00 with a loan to value (LTV) of 100%, the principal and interest payment would be $3,052.09 for 360 months. This scenario is for a veteran exempt from the funding fee. Payments shown do not include taxes or insurance; actual payment obligations will be greater.

All examples listed above are only estimates and should not be construed as a binding contract. Not all applicants will qualify. Rates and terms are subject to change without notice. Provider does not assume liability of error.

Refinance: By refinancing your existing loan, your total finance charges may be higher over the life of the loan.

A Fixed-Rate Mortgage has an interest rate that remains the same for the life of the loan. An Adjustable-Rate Mortgage, or ARM, is a home loan with an interest rate that can change periodically.