Interest rate update as of April 2024

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  • Posted by Nadlan Group on April 17 at 12:40

    The loan we closed today to a foreign investor for a property in Indianapolis worth $180000

    Financing percentages: 65 percent

    Loan amount: 117000 dollars

    30 years

    5 years early repayment penalty

    Interest: 6.75 before points

    The customer chose to buy the interest rate down by one point to an interest rate of: 6.48 percent

    Account in 30 years from buying the point below: 7516 dollars

    Years to pay back the cost of buying the interest down: 4.7 years

    Monthly cost PITIA – Principal, Insurance, Taxes, Insurance, Association:

    979.65 dollars

    DSCR of the transaction:

    1.74 dollars

    Want to learn more about loans - join tomorrow for a 4-hour lecture in Hebrew as part of the Real Estate Expo 9 online conference - April 18:

    https://www.nadlanexpo.com/nadlan-expo-online-april-2024/

    You will hear about everything you wanted to know and didn't think you wanted to know about loans in the USA

    Nadlan Group replied 3 months, 1 week ago 1 member · 0 Replies
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