University of California, Berkeley: What assumptions underlie CFPB’s rate comparison examples?

DIRECT ANSWER

Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.

The examples assume a $400,000 primary residence, 10% down, a 700 credit score, a conventional 30-year fixed loan, specified discount points, and a 60-day rate lock.