Estimate your mortgage rate

Use this calculator to generate an estimated interest rate and monthly payment for a fixed or adjustable rate mortgage. Simply enter a few details about the home you're looking to finance, along with your estimated credit score, and see a list of loan products that fit your financial goals.

When you're ready to take the next step, you can apply for a mortgage or request a consultation with one of our experts. No matter where you are in the homebuying process, we're here to help.

For a limited time, get up to $1,120* off of closing costs!


Rates Calculator

Enter your home loan details to get personalized quotes.

Amortization Type

The information provided on this page is for comparative purposes only. Rates and terms may change at any time and without prior notice. Your actual rate, payment, terms and costs could be different. Get an official Loan Estimate before choosing a loan. Your rate, fees, and terms may differ based on when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, debt to income ratio, loan to value ratio, etc. The payment examples do not include mortgage insurance. The actual payment will be higher if mortgage insurance is required on your loan. The payment examples do not include amounts for taxes and insurance premiums. Your actual payment obligation will be greater considering taxes and insurance premiums.

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How do I estimate my credit score?

Your credit score is a three-digit number that is calculated from your credit report to gauge your reliability as a borrower. Credit scores typically range from 300 to 850, and each of the three traditional credit reporting bureaus (Equifax, TransUnion, and Experian) calculates your credit score based on the information it has in your credit report, including:

  • The number of accounts you have
  • The types of accounts
  • Your available credit
  • The length of your credit history
  • Your payment history

You can use My FICO to help estimate your credit score. You are also entitled to one free credit report from each credit reporting agency, once a year, from annualcreditreport.com. Your free credit report will not contain your credit score, but you can pay an additional fee for it. If you want to have more regular access to your credit report and score, you might want to consider a credit monitoring service from one of the credit reporting agencies.

 

What is the difference between the Rate and the APR?

The Rate listed is the interest rate you’ll pay on your home loan, which dictates what your monthly payments will be.

The APR is a more accurate reflection of what the loan will cost you over time because it factors in additional costs related to the closing of the mortgage, such as processing, underwriting, and loan origination fees; mortgage insurance premiums; and so on. Keep in mind, however, that banks and mortgage lenders may calculate the APR differently.

 

What are points?

Points, also called discount points, are optional fees paid directly to the lender at closing in exchange for a reduced interest rate. This process, also known as “buying down the rate,” can help you lower your monthly mortgage payments because you are paying some interest up front in exchange for a lower interest rate over the life of your loan. Typically, the longer you own the home, the more points help you save on interest over time.

In order to purchase points, you will need to have cash available to buy them up front, in addition to your down payment, closing costs and reserves.

 

 

*The up to $1,120 incentive includes 1) waiver of $295 processing fee and a $450 underwriting fee for all mortgages applied for between 5/1/2019 and 8/31/2019, and 2) coupon toward a home appraisal (up to $375) when attending a free Homebuyers Workshop or meeting with a Mortgage Consultant prior to closing. Appraisal coupon credit will be applied at the time of closing.