The information provided assumes the purpose of the loan is to purchase an existing single family home in Sedgwick County, Kansas to be used as a primary residence. Other assumptions are; an estimated property value of $180,000 with a loan amount of $183,870. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.
VA 30 Year Fixed Rate
At a 3.500% interest rate, the APR for this loan type is 3.672%. The payment schedule would be 359 payments of $825.66 at an interest rate of 3.500% and 1 payment of $824.66 at an interest rate of 3.500%.
If any escrow account for real estate taxes and homeowner’s insurance premiums is required or requested, the actual payment will be greater.