The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $103,300 and an estimated property value of $100,000. The property is located in Pittsburgh, PA and is within Allegheny 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 6.750% interest rate, the APR for this loan type is 7.082%. The monthly payment schedule would be:
- 359 payments of $670.00 at an interest rate of 6.750%
- 1 payment of $670.62 at an interest rate of 6.750%
The actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.