The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated
property value of $187,500. The property is located in Albany, NY and is within Albany 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 6.125% interest rate, the APR for this loan type is 6.780%. The monthly payment schedule would be:
- Year 1: 12 payments of $964.57 at an interest rate of 6.125%
- Year 2: 12 payments of $964.03 at an interest rate of 6.125%
- Year 3: 12 payments of $963.45 at an interest rate of 6.125%
- Year 4: 12 payments of $962.83 at an interest rate of 6.125%
- Year 5: 12 payments of $962.18 at an interest rate of 6.125%
- Year 6: 12 payments of $961.48 at an interest rate of 6.125%
- Year 7: 12 payments of $960.74 at an interest rate of 6.125%
- Year 8: 12 payments of $959.95 at an interest rate of 6.125%
- Year 9: 12 payments of $959.12 at an interest rate of 6.125%
- Year 10: 12 payments of $958.23 at an interest rate of 6.125%
- Year 11: 12 payments of $957.28 at an interest rate of 6.125%
- Year 12: 12 payments of $956.28 at an interest rate of 6.125%
- Year 13: 12 payments of $955.21 at an interest rate of 6.125%
- Year 14: 12 payments of $954.08 at an interest rate of 6.125%
- Year 15: 12 payments of $952.87 at an interest rate of 6.125%
- Year 16: 12 payments of $951.59 at an interest rate of 6.125%
- Year 17: 12 payments of $950.22 at an interest rate of 6.125%
- Year 18: 12 payments of $948.77 at an interest rate of 6.125%
- Year 19: 12 payments of $947.23 at an interest rate of 6.125%
- Year 20: 12 payments of $945.60 at an interest rate of 6.125%
- Year 21: 12 payments of $943.85 at an interest rate of 6.125%
- Year 22: 12 payments of $942.00 at an interest rate of 6.125%
- Year 23: 12 payments of $940.04 at an interest rate of 6.125%
- Year 24: 12 payments of $937.95 at an interest rate of 6.125%
- Year 25: 12 payments of $935.72 at an interest rate of 6.125%
- Year 26: 12 payments of $933.36 at an interest rate of 6.125%
- Year 27: 12 payments of $930.85 at an interest rate of 6.125%
- Year 28: 12 payments of $928.18 at an interest rate of 6.125%
- Year 29: 12 payments of $925.34 at an interest rate of 6.125%
- Year 30: 11 payments of $922.33 at an interest rate of 6.125%
- Year 30: 1 payment of $923.46 at an interest rate of 6.125%
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.