The information provided is based on a $250,000 home equity loan. The property is located in Los Angeles, CA and is within Los Angeles county. The property is an existing single family home and will be used as a primary residence. The assumed credit score is 780. This assumes that the total of all existing mortgages does not exceed 80.00% of the property value.
At a 8.000% interest rate, the APR for this loan type is 8.044%. The monthly payment schedule would be:
- 119 payments of $3,033.19 at an interest rate of 8.000%
- 1 payment of $3,033.21 at an interest rate of 8.000%