|The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $250,000 and an estimated property value of $312,500. The property is located in Fall River, MA and is within Bristol county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The assumed credit score is 740.
At a 3.125% interest rate, the APR for this loan type is 3.192%. The monthly payment schedule would be:
359 payments of $1,070.94 at an interest rate of 3.125%
1 payment of $1,070.25 at an interest rate of 3.125%
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.