The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $310,000 and an estimated property value of $522,000. 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. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 780.
At a 6.000% interest rate, the APR for this loan type is 6.039%. The monthly payment schedule would be:
- 239 payments of $2,220.94 at an interest rate of 6.000%
- 1 payment of $2,219.99 at an interest rate of 6.000%
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.