Seattle Tacoma Conventional 7 Year Fixed - Compare to a 30 Year Fixed

Here's a snap shot of a local deal this week.

Sales Price:  230,000

Down Payment: 46,000 (20%)

Loan Amount: 184,000

Credit Score: 796

Program:  7/1 LIBOR ARM 5/2/5 Caps

Rate: 3.25% with 1% Loan Fee

APR: 3.367