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|Loan Amount||Monthly Payment
10 Year Terms
20 Year Terms
Estimated Spring EQ payments assumes a 10-year and 20-year ﬁxed rate, 2nd lien, rate & term home equity loan, loan-to-value ratio up to 75%, credit score of 720, and debt-to-income ratio of 40% or less. For example, as of 5/1/2017, a $50,000 loan amount ﬁnanced at 6.24% (6.61% APR) would result in 120 monthly principal & interest payments of $561.15 or at 6.49% (6.71% APR) would result in 240 monthly principal & interest payments of $372.49.
- Know what your home's worth?
- Know how much you owe?
- Do you know why it's more or less than you thought?
- Do you know how much of your equity you could get back in cash?
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