The information provided is based on a $50,000 home equity loan. The property is located in Chicago, Cook county in the State of IL. The property is an existing single family home and will be used as a primary residence. The rate lock period is 0 days and the assumed credit score is 740. These rates are subject to change without notice. Loan to Value must be less than or equal to 85.00%. Not available for loans secured by a first lien position on a dwelling. Subject to credit approval.
At a 8.990% interest rate, the APR for this loan type is 8.990%. The monthly payment schedule would be:
- 61 payments of $449.54 at an interest rate of 8.990%
- 1 payment of $44,562.04 at an interest rate of 8.990%