The information provided is based on a $50,000 home equity loan. The property is located in Stamford, CT and is within Fairfield county. The property is an existing single family home and will be used as a primary residence. The assumed credit score is 740. This assumes that the total of all existing mortgages does not exceed 70.00% of the property value.
At a 5.500% interest rate, the APR for this loan type is 5.500%. The monthly payment schedule would be:
- 179 payments of $408.54 at an interest rate of 5.500%
- 1 payment of $408.79 at an interest rate of 5.500%