Projected Payment Schedule

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $280,000 and an estimated property value of $375,000. The property is located in Indianapolis, IN and is within Marion 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 35 days and the assumed credit score is 740.

At a 4.125% interest rate, the APR for this loan type is 4.176%. The monthly payment schedule would be:

  • 359 payments of $1,357.02 at an interest rate of 4.125%
  • 1 payment of $1,356.69 at an interest rate of 4.125%

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.