The information provided is based on a $128,000 loan. The property is located in San Diego, San Diego county in the State of CA. The property is an existing single family home and will be used as a primary residence. The rate lock period is 60 days and the assumed credit score is 780. This assumes that the total of all existing mortgages does not exceed 50.00% of the property value.
At a 7.875% interest rate, the APR for this loan type is 7.875%. The monthly payment schedule would be:
- 239 payments of $1,060.71 at an interest rate of 7.875%
- 1 payment of $1,059.95 at an interest rate of 7.875%