The advertised loan is a 5/1 ARM (Adjustable Rate Mortgage) with a 15-year fully amortizing term. The initial interest rate is fixed for 5 years and is subject to an increase or decrease after the initial period and may adjust every year. Interest rate and APR quoted assume a FICO score of 720 with a maximum loan-to-value ratio of 80% on a single family primary residence with a balance up to $417,000. The disclosed APR is based on 0.500 discount points and $895 in lender fees plus applicable third party fees.