30 Year Jumbo Purchase - Del Rey Oaks, California Example - January 26, 2007
|
LendingTree Loan
Mortgage Basics This mortgage scenario is for January 26, 2007. The mortgage applicant's name is Christina. The borrower's goal with the mortgage is to purchase a real estate property. Property Background The property is a single family residence. This mortgage will take place in Del Rey Oaks, California. This property would be described as a primary residence. Mortgage Type This loan has a length in years of 30. The latest credit score is 755. This mortgage will have full documentation. Today's current mortgage loan rates The mortgage rate for this mortgage is 7.25%. The annual percentage rate (APR) will be 7.35%. Mortgage Size The current property is appraised at $405,000. The percentage down payment is 20%. The new mortgage loan will be for $324,000. The loan to value ratio is 80%. Calculated Mortgage Payment The new mortgage payment each month is $2,210. The monthly payment on an interest only mortgage would be $1,958. This is less than a regular monthly payment by $253.
Visit us for more help |
Leave a Reply