The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $484,350 and an estimated property value of $566,375. The property is located in Kingston, NY and is within Ulster 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 740.

At a 3.250% initial interest rate, the APR for this loan type is 4.283%, 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.


If an escrow account is required or requested, the actual payment will also include amounts for real estate taxes and homeowner's insurance premiums.