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CALCULATOR

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Daily Mortgage Rates

Fixed Rate Loan Programs
All Rates as of 02/22/2008					Monthly P&I Payment Per $1000
Name	Rate	Points	APR	Lock	Monthly P&I Payment Per $1000
15 Year Conforming	5.750%	0	5.839%	45 days	$8.30
30 Year Conforming	6.125%	0	6.174%	45 days	$6.08
15 Year Conforming	5.125%	2	5.515%	45 days	$7.97
30 Year Conforming	5.625%	2	5.859%	45 days	$5.76

Adjustable Rate Loan Programs
All Rates as of 02/22/2008					Monthly P&I Payment Per $1000
Name	Rate	Points	APR	Lock	Monthly P&I Payment Per $1000
3/1 YR LIBOR ARM Conforming	5.500%	0	5.283%	45 days	$5.68
5/1 YR LIBOR ARM Conforming	5.625%	0	5.381%	45 days	$5.76
3/1 YR LIBOR ARM Conforming	4.875%	2	5.312%	45 days	$5.29
5/1 YR LIBOR ARM Conforming	5.000%	2	5.323%	45 days	$5.37

To calculate your Monthly Principal and Interest payment using the chart above, simply multiply the dollar figure in the last column by the mortgage amount desired and divide by 1,000. For example, on a $417,000 loan amount and a 30-year interest rate of 5.875%: ($417,000 x $5.92) divided by 1,000 = $2468.64 monthly principal and interest payment.

Rates listed are for purchase money, first-lien, owner-occupied single family primary residences. Other restrictions may apply.

Conventional APRs are based on a $417,000 loan amount and assume a 20% downpayment.. ARMs and fixed-rate APRs assume a $417,001 loan amount with a 20% downpayment. Private Mortgage Insurance, to be added to loans with a downpayment of less than 20%.

The rates stated for adjustable rate mortgages is the initial rate and subject to increase. For example, on the 3/1 non-convertible ARM, the initial rate is fixed for 3 years and may adjust annually thereafter. Loans assume a 30-year term.

The preceding is a sample of programs and interest rates available through MGN FUNDING CORP. Other niche products, rates, and point combinations are available.

Rates are effective on the date shown until the following business day at 7 a.m. EST. Programs, rates, terms and conditions are subject to change without notice.

The accuracy of the Home Mortgage calculators and their applicability to your circumstances is not guaranteed.

Mortgages are offered by MGN FUNDING Corp. Rates base on Min Fico 680

Loans are available for the purchase of a home located in New York State only. Income and purchase price restrictions also apply.

We also offer competitive rates on Home Equity lines of credit.