The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $762,000 and an estimated property value of $1,270,000. 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 is required. 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 6.522%. The monthly payment schedule would be:
- 179 payments of $6,585.59 at an interest rate of 6.375%
- 1 payment of $6,585.15 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.