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 6.875% initial interest rate, the APR for this loan type is 7.653%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

The monthly payment amounts quoted include the mortgage insurance premium.

Generally, mortgage insurance is required if you are making a down payment of less than 20% of the home's value or purchase price.

$5,035.69
$459.93
$5,495.62

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.