The information provided assumes the purpose of the loan is to build a new home, with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in IA and is within Cerro Gordo 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 5.000% interest rate, the APR for this loan type is 7.690%. The payment schedule would be:

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.