The LIBOR rate for September 2019 is 2.14%, a decrease from August's LIBOR rate of 2.27%. With any change to the LIBOR rate, variable rate loans will
re-amortize and a repayment schedule will be provided that will include your
new monthly payment amount, interest rate (margin plus LIBOR), and the
effective date of your new monthly payment amount.
repayment schedule interest rate does not reflect the Auto Pay discount, if
applicable to your loan program, as payments are not calculated with the
discounted interest rate.