20 Year Fixed
Home 20 Year Fixed
The information provided assumes the purpose of the loan is to refinance the existing mortgage, with a loan amount of $100,000 and an estimated property value of $135,000. The property is located in Kankakee, IL and is within Kankakee 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 45 days and the assumed credit score is 740.
At a 2.870% interest rate, the APR for this loan type is 2.983%. The monthly payment schedule would be:
- 239 payments of $548.11 at an interest rate of 2.870%
- 1 payment of $548.80 at an interest rate of 2.870%
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.
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