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 5.125% interest rate, the APR for this loan type is 5.125%. The monthly payment schedule would be:
- 59 payments of $946.43 at an interest rate of 5.125%
- 1 payment of $946.28 at an interest rate of 5.125%