5 Year Fixed (Bad Credit) Purchase - Eugene, Oregon Example - February 1, 2007
|
LendingTree Loan
Mortgage Loan Background The loan example is for February 1, 2007. The mortgage applicant's name is Peter. This borrower's goal is to purchase real estate. Property Basics This property is a single family residence. The mortgage will take place in Eugene, Oregon. This property would be described as a primary residence. The Loan Type The loan has a length in years of 30. The middle credit score on the credit report is 755. This borrower's loan will have stated documentation. Today's mortgage rates The interest rate for this new loan will be 6.25%. The mortgage's annual percentage rate is 6.35%. The Mortgage Size This property is currently worth around $385,000. The downpayment percent on the property is 20%. The new mortgage loan will be for $308,000. The loan to property value ratio on the property is 80%. Calculated Loan Payment The new payment each month is $1,896. An interest only monthly payment would be $1,604. An interest only mortgage payment each month saves this borrower $292.
Visit us for more help |
Leave a Reply