Mortgage - Free Calculators

LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Loan Summary

This mortgage scenario date is January 26, 2007.

The loan borrower's name is Jack.

This borrower wants to purchase a property.

Example Property Background

This residency type is single family residence.

This real estate is located in La Canada-Flintridge, California.

The property is a rental property.

Loan Background

This borrower's loan term in years is 30.

The most current credit middle score is 740.

The level of documentation for this loan will be stated documentation.

Today's current mortgage loan rates

The mortgage rate for this mortgage is 6.00%.

The annual percentage rate will be 6.09%.

The Mortgage Size

This property is currently worth $393,750.

The downpayment percent on the property is 20%.

The new total loan size is $315,000.

The loan to property value ratio is 80%.

Mortgage Payment

The new monthly payment is $1,889.

With an interest only loan the monthly payment would be $1,575.

In this example this is smaller than a regular monthly payment by $314.

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