The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $95,000 and an estimated property value of $100,000. The property is located in VT and is within Chittenden County. The property is an existing single family home and will be used as a primary residence. The rate lock period is 60 days and the assumed credit score is 740.
At a 7.125% interest rate, the APR for this loan type is 7.143%. The monthly payment schedule would be:
- 359 payments of $640.03 at an interest rate of 7.125%
- 1 payment of $640.97 at an interest rate of 7.125%
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.