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 $200,000. The property is located in Littleton, MA and is within Middlesex county. The property is an existing single family home and will be used as an investment property. An escrow (impound) account is required. The rate lock period is 55 days and the assumed credit score is 780. ARM = Adjustable Rate Mortgage.
At a 6.000% interest rate, the APR for this loan type is 6.251%. The monthly payment schedule would be:
- 179 payments of $843.86 at an interest rate of 6.000%
- 1 payment of $843.31 at an interest rate of 6.000%
If an escrow account is required, the actual monthly payment will also include amounts for real estate taxes and insurance premiums, if applicable.