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NEW! NON-QM STEP-UP MORTGAGE


NEWFI WHOLESALE IS LEADING THE INDUSTRY IN INNOVATIVE NON-QM PRODUCTS THAT HELP
TO ADDRESS MORTGAGE PAYMENT AFFORDABILITY. INTRODUCING OUR PROPRIETARY STEP-UP
MORTGAGE!


PINNACLES STEP-UP MORTGAGE


A UNIQUE NON-QM SOLUTION THAT GIVES BORROWERS LOWER INITIAL PAYMENTS AND THE
SECURITY OF A FIXED RATE.

 * Lower Initial Payments, Increasing 5% Each Year
 * 30-Year Fixed
 * Qualify Using 25-Year Amortization
 * Full Doc, 1 or 2 Year Bank Statements
 * Up to 75% LTV
 * Credit Scores As Low as 660
 * Primary Residences Only
 * Loan Amounts Up To $3M (Jumbo Loan Amounts Only in CA)
 * Available in Arizona, California, Colorado, Florida, Georgia, Hawaii,
   Illinois, Maryland, Michigan, New Jersey, North Carolina, Ohio, Oregon,
   Pennsylvania, South Carolina, Tennessee, Texas & Utah

See Guidelines for Pinnacles Step-Up (PDF)





WHAT IS A STEP-UP MORTGAGE?


A STEP-UP MORTGAGE IS A TYPE OF FIXED-RATE MORTGAGE WHERE PAYMENTS START AT A
LOWER BASE LEVEL AND THEN INCREASE ANNUALLY AT A SET RATE UNTIL THE BEGINNING OF
THE 6TH YEAR, WHEN PAYMENTS LEVEL OUT BASED ON THE REMAINING PRINCIPAL BALANCE.


WHO BENEFITS FROM A STEP-UP MORTGAGE?


THE STEP-UP MORTGAGE SOLUTION IS PERFECT FOR ANY BORROWER WHO IS CONSIDERING A
NON-QM MORTGAGE LOAN THAT QUALIFIES EITHER WITH FULL DOC OR WITH BANK STATEMENT
INCOME. IT ALLOWS THESE BORROWERS TO ACCESS LOWER INITIAL PAYMENTS TO HELP
RELIEVE MORTGAGE PAYMENT STRESS ON FAMILIES.


EXAMPLE OF A STEP-UP MORTGAGE SCHEDULE


BASED ON A PINNACLES STEP-UP MORTGAGE AT 7.500% RATE / 7.575% APR . SAVINGS IN
THE FIRST YEAR IS COMPARED TO 30-YEAR FIXED SEQUOIA AT 6.875% RATE, 6.945% APR.
UNPAID INTEREST OF THE STEP-UP MORTGAGE IS ADDED TO THE PRINCIPAL.




PINNACLES STEP-UP MORTGAGE CALCULATOR


RUN YOUR SCENARIO TODAY AND SEE THE PAYMENT SCHEDULE!

STEP-UP MORTGAGE

Loan Amount
$
Interest
%
Term
Yr
Step Up Rate
%
# Annual Step Ups
Yr

FIXED-RATE MORTGAGE

Loan Amount
$
Interest
%
Term
Yr
Start Date
< Nov 2022 >
SunMonTueWedThuFriSat 123456789101112131415161718192021222324252627282930
< 2022 >
JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
< 2020 - 2029 >
2020202120222023202420252026202720282029
Qualifying Payment
$1,277.04



ESTIMATED PAYMENTS

 
Step-Up Mortgage
Fixed Rate Mortgage
Monthly Payment
Step-Up Year 1: $1,000.60
Year 2: $1,050.63
Year 3: $1,103.16
Year 4: $1,158.32
Year 5: $1,216.23
Year 6-30: $1,277.04
Fixed-Rate Year 1-30: $1,206.93
Total Payments
Step-Up $449,460.15
Fixed-Rate $434,496.21
Total Interest
Step-Up $299,460.15
Fixed-Rate $284,496.21
Pay Off Date
Step-Up November 2052
Fixed-Rate November 2052



ESTIMATED AMORTIZATION SCHEDULES

 * Step-Up
 * Fixed-Rate

Year
Principal
Interest
Total Paid
Balance
-
$0.00
$0.00
$0.00
$150,000.00
2023
-$1,555.98
$13,563.15
$12,007.16
$151,555.98
2024
-$1,076.19
$13,683.71
$12,607.52
$152,632.18
2025
-$520.11
$13,758.00
$13,237.90
$153,152.28
2026
$121.00
$13,778.80
$13,899.79
$153,031.29
2027
$856.73
$13,738.05
$14,594.78
$152,174.55
2027
$1,697.71
$13,626.81
$15,324.52
$150,476.85
2028
$1,856.96
$13,467.56
$15,324.52
$148,619.88
2029
$2,031.16
$13,293.36
$15,324.52
$146,588.72
2030
$2,221.70
$13,102.82
$15,324.52
$144,367.03
2031
$2,430.11
$12,894.41
$15,324.52
$141,936.92
2032
$2,658.07
$12,666.45
$15,324.52
$139,278.85
2033
$2,907.41
$12,417.11
$15,324.52
$136,371.44
2034
$3,180.15
$12,144.37
$15,324.52
$133,191.29
2035
$3,478.47
$11,846.05
$15,324.52
$129,712.83
2036
$3,804.77
$11,519.75
$15,324.52
$125,908.05
2037
$4,161.69
$11,162.83
$15,324.52
$121,746.37
2038
$4,552.08
$10,772.44
$15,324.52
$117,194.29
2039
$4,979.10
$10,345.42
$15,324.52
$112,215.19
2040
$5,446.17
$9,878.35
$15,324.52
$106,769.02
2041
$5,957.06
$9,367.46
$15,324.52
$100,811.96
2042
$6,515.87
$8,808.65
$15,324.52
$94,296.09
2043
$7,127.11
$8,197.41
$15,324.52
$87,168.98
2044
$7,795.68
$7,528.84
$15,324.52
$79,373.30
2045
$8,526.97
$6,797.55
$15,324.52
$70,846.34
2046
$9,326.85
$5,997.67
$15,324.52
$61,519.48
2047
$10,201.78
$5,122.74
$15,324.52
$51,317.71
2048
$11,158.77
$4,165.75
$15,324.52
$40,158.93
2049
$12,205.54
$3,118.98
$15,324.52
$27,953.39
2050
$13,350.51
$1,974.01
$15,324.52
$14,602.88
2051
$14,602.88
$721.64
$15,324.52
$0.00
Year
Principal
Interest
Total Paid
Balance
-
$0.00
$0.00
$0.00
$150,000.00
2023
$1,024.80
$13,458.41
$14,483.21
$148,975.20
2024
$1,120.93
$13,362.28
$14,483.21
$147,854.28
2025
$1,226.08
$13,257.13
$14,483.21
$146,628.20
2026
$1,341.09
$13,142.11
$14,483.21
$145,287.10
2027
$1,466.90
$13,016.31
$14,483.21
$143,820.20
2028
$1,604.50
$12,878.70
$14,483.21
$142,215.70
2029
$1,755.02
$12,728.19
$14,483.21
$140,460.68
2030
$1,919.65
$12,563.56
$14,483.21
$138,541.04
2031
$2,099.73
$12,383.48
$14,483.21
$136,441.31
2032
$2,296.69
$12,186.51
$14,483.21
$134,144.62
2033
$2,512.14
$11,971.07
$14,483.21
$131,632.48
2034
$2,747.80
$11,735.41
$14,483.21
$128,884.68
2035
$3,005.56
$11,477.65
$14,483.21
$125,879.12
2036
$3,287.50
$11,195.71
$14,483.21
$122,591.62
2037
$3,595.89
$10,887.32
$14,483.21
$118,995.73
2038
$3,933.21
$10,550.00
$14,483.21
$115,062.52
2039
$4,302.17
$10,181.03
$14,483.21
$110,760.35
2040
$4,705.75
$9,777.46
$14,483.21
$106,054.60
2041
$5,147.18
$9,336.03
$14,483.21
$100,907.42
2042
$5,630.02
$8,853.19
$14,483.21
$95,277.41
2043
$6,158.15
$8,325.05
$14,483.21
$89,119.25
2044
$6,735.83
$7,747.38
$14,483.21
$82,383.43
2045
$7,367.70
$7,115.51
$14,483.21
$75,015.73
2046
$8,058.84
$6,424.37
$14,483.21
$66,956.89
2047
$8,814.81
$5,668.40
$14,483.21
$58,142.08
2048
$9,641.70
$4,841.50
$14,483.21
$48,500.38
2049
$10,546.16
$3,937.05
$14,483.21
$37,954.22
2050
$11,535.46
$2,947.74
$14,483.21
$26,418.75
2051
$12,617.57
$1,865.64
$14,483.21
$13,801.18
2052
$13,801.18
$682.02
$14,483.21
$0.00

LEGAL DISCLAIMER: This calculator is provided for informational purposes only
and you should not make any decisions solely on the information provided. Values
are estimates and may not be applicable to your individual situation. Nexera
Holding LLC dba Newfi is not responsible for any errors, omissions or
misrepresentations. This does not constitute a loan approval for any program.




PINNACLES STEP-UP WEBINAR SERIES RECORDINGS

 * 9/15/22 WITH CEO STEVE ABREU
   
   Listen Here

 * 9/22/22 WITH DAN BAYER AND MATT MODUGNO
   
   Listen Here

 * 9/29/22 PRODUCT OVERVIEW
   
   Listen Here

 * 10/6/22 ENHANCED GUIDELINES & PRODUCT OVERVIEW
   
   Listen Here









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Newfi Lending
2200 Powell Street, Suite 340
Emeryville, CA 94608
888-415-1620

Monday – Friday
8:00am - 5:00pm (Pacific)
support@newfi.com



© Copyright 2016-2021 Nexera Holding LLC dba Newfi, Newfi Lending, Newfi
Wholesale | All Rights Reserved | NMLS ID 1231327 | NMLS Consumer Access

Equal Housing Lender




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