| Loan | Interest rate | APR | Points | Monthly principal and interest |
|---|---|---|---|---|
| 30-year fixed | 6.250% | 6.412% | 0.500 | $2,155 |
| 15-year fixed | 5.500% | 5.774% | 0.500 | $2,860 |
| 5/6 adjustable | 5.875% | 6.690% | 0.250 | $2,070 |
| 30-year FHA | 5.990% | 6.850% | 0.000 | $2,096 |
How these rates are calculated
Rates assume a $350,000 loan amount, a purchase of a single-family primary residence, a loan-to-value ratio of 80 percent, a credit score of 740 or higher, and a 45-day lock. Payments do not include taxes and insurance, so your actual payment will be higher.
The rate on the 5/6 adjustable loan is fixed for five years, then can change every six months. After the fixed period the rate and payment can increase. Rates can change daily without notice, and not every applicant will qualify.
Fees to expect
- Origination fee: 0.50 percent of the loan amount
- Appraisal: $550
- Credit report: $65
- Third-party closing costs vary by state and property
Ready to apply?
Speak with a licensed loan officer at (555) 010-0142, Monday to Friday, 8:00 AM to 6:00 PM Eastern.