The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $766,550 and an estimated property value of $766,550. 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 is required. The rate lock period is 60 days and the assumed credit score is 780.
At a 7.375% initial interest rate, the APR for this loan type is 7.379%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
- 84 payments of $5,294.37 at an interest rate of 7.375%
- 275 payments of $5,238.95 at an interest rate of 7.250%
- 1 payment of $5,240.26 at an interest rate of 7.250%
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.