The information provided assumes the purpose of the loan is to refinance the existing mortgage, with a loan amount of $665,000 and an estimated property value of $950,000. The property is located in San Diego, CA and is within San Diego county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account will not be established. The rate lock period is 60 days and the assumed credit score is 780.
At a 5.950% interest rate, the APR for this loan type is 5.951%. The monthly payment schedule would be:
- 59 payments of $12,840.86 at an interest rate of 5.950%
- 1 payment of $12,840.75 at an interest rate of 5.950%
If an escrow account is required or requested, the actual monthly payment may be higher after accounting for real estate taxes and homeowner insurance premiums.