The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $100,000 and an estimated property value of $166,667. The property is located in Portland, OR and is within Multnomah 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 740.
At a 3.125% interest rate, the APR for this loan type is 3.431%. The monthly payment schedule would be:
- 179 payments of $696.61 at an interest rate of 3.125%
- 1 payment of $696.47 at an interest rate of 3.125%
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.