The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $120,000 and an estimated property value of $200,000. The property is located in Waxahachie, TX and is within Ellis 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 740.
At a interest rate, the APR for this loan type is . The monthly payment schedule would be:
- 360 payments of at an interest rate of (Does not include escrow for taxes and insurance.)
If an escrow account is required or requested, the actual monthly payment will increase to include amounts for real estate taxes and homeowner's insurance premiums.