The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $180,000 and an estimated property value of $225,000. The property is located in CA and is within Los Angeles county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account will not be established. The assumed credit score is 740.
At a 3.000% interest rate, the Annual Percentage Rate for this loan type is 3.243%. The monthly payment schedule would be:
- 179 payments of $1,243.05 at an interest rate of 3.000%
- 1 payment of $1,242.51 at an interest rate of 3.000%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.