The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $101,010 and an estimated property value of $133,334. The property is located in Mattoon, IL and is within Coles county. The property is an existing single family home and will be used as a primary residence. This featured rate assumes an escrow (impound) account is established. The rate lock period is 60 days and the assumed credit score is 740.

At a 3.625% interest rate, the APR for this loan type is 4.140%. The monthly payment schedule would be:

The monthly payment amounts quoted include the annual fee premium.

The annual fee is required for most USDA/Rural Housing loans. The monthly payment for the annual fee is calculated based on the average annual outstanding balance and will vary from year to year.

$460.66
$29.21
$489.87

The actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.