The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $1,149,826.00 and an estimated property value/price of $1,642,609.00. The property is located in NY and is within Nassau 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 60 days and the assumed credit score is 740.

At a 6.625% interest rate, the APR for this loan type is 6.712%. The payment schedule would be:

  • 179 payments of $10,095.40 at an interest rate of 6.625%
  • 1 payment of $10,095.61 at an interest rate of 6.625%

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.