Rates
Illustrative rates, shown the way you will see them.
These figures show how a rate, an APR and points translate into a monthly payment. They are examples, not a rate quote or an offer.
Illustrative only
Illustrative only, not an offer or a commitment to lend. Your rate depends on your credit profile, loan amount, down payment, property and the day you lock.
30-year fixed
30 years
6.25%
6.38%
0
$616
20-year fixed
20 years
5.875%
6.00%
0
$709
15-year fixed
15 years
5.50%
5.66%
0
$817
5/6 adjustable-rate (starting rate)
30 years
5.75%
6.54%
0
$584
Jumbo 30-year fixed
30 years
6.50%
6.64%
0.5
$632
Government-backed 30-year fixed
30 years
6.00%
6.52%
0
$600
Rate-and-term refinance, 30-year fixed
30 years
6.125%
6.27%
0.25
$608
Cash-out refinance, 30-year fixed
30 years
6.625%
6.78%
0.5
$640
How to read this table
Four columns, four questions
Illustrative rate
The interest rate used for the example. The rate you are offered can be different.
Illustrative APR
The annual percentage rate folds some costs into a yearly figure so loans can be compared. It is usually a little higher than the rate.
Points
A point is a fee equal to 1% of the loan amount, paid at closing in exchange for a lower rate.
Payment per $100,000
Principal and interest only, for a $100,000 loan. Taxes, insurance and dues are extra. Scale it to your own loan amount.
Run your own numbers
Use the planner to see a payment for your price, down payment and term, then carry it into a pre-approval application.