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 $250,000. The property is located in Minster, OH and is within Auglaize county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The assumed credit score is 770.
At a 6.250% interest rate, the APR for this loan type is 6.309%. The payment schedule would be:
- 239 payments of $1,315.67 at an interest rate of 6.250%
- 1 payment of $1,315.93 at an interest rate of 6.250%
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.