The information provided is based on a $25,000 home equity loan. The property is located in Burlington, VT and is within Chittenden county. The property is an existing single family home and will be used as a primary residence. The assumed credit score is 700. This assumes that the total of all existing mortgages does not exceed 75.00% of the property value.
At a 4.720% interest rate, the APR for this loan type is 4.844%. The monthly payment schedule would be:
- 179 payments of $194.07 at an interest rate of 4.720%
- 1 payment of $194.33 at an interest rate of 4.720%