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The information provided assumes the purpose of the loan is to purchase a property with a loan amount of $500,000 and an estimated property value of $667,000. The property is located in Ridgefield, CT and is within Fairfield County. The property is an existing single-family home and will be used as a primary residence. The rate lock period is 75 days, and the assumed credit score is 720.
At a 2.990% initial interest rate, the APR for this loan type is 3.071%. Based on current market conditions, the monthly payment schedule would be:
179 payments of $3,450.50 at an interest rate of 2.990%
1 payment of $3,441.93 at an interest rate of 2.990%
An escrow (impound) account is required. Payment example amount does not include taxes or insurance premiums; if applicable, your total payment obligation will be greater.