The information provided assumes the purpose of the loan is to refinance the existing mortgage, with a loan amount of $665,000 and an estimated property value of $950,000. The property is located in San Diego, CA and is within San Diego 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 rate lock period is 60 days and the assumed credit score is 780.
At a 6.375% interest rate, the APR for this loan type is 6.376%. The monthly payment schedule would be:
- 119 payments of $7,508.71 at an interest rate of 6.375%
- 1 payment of $7,509.27 at an interest rate of 6.375%
If an escrow account is required or requested, the actual monthly payment may be higher after accounting for real estate taxes and homeowner insurance premiums.