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Rates
Mortgage rates valid as of 01 Mar 2022 December 3, 2024, 01:26p.m. Pacific Standard Time, and assume borrower has excellent credit (including a credit score of 740 or higher). The estimated monthly payments shown include principal, interest and (if applicable) any required mortgage insurance. ARM interest rate and payments are subject to increase after the initial fixed-rate period (5 years for a 5y/6m ARM, 7 years for a 7y/6m ARM and 10 years for a 10y/6m ARM; the 6m shows that the interest rate is subject to adjustment once every six months thereafter). Select the About ARM rates link for important information, including estimated payments and rate adjustments. (need a link to ARM Rates) The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. The APR shown here is based on the interest rate, any points, and mortgage insurance for FHA loans. It does not take into account the processing fee or any other loan-specific finance charges you may be required to pay. Rates are estimated by state and actual rates may vary. Rates displayed in the table include approximately .25 discount point and are based on the following assumptions: conforming 30-year fixed, 15-year fixed, and 5/6 ARM based on a loan amount of $750,000 with a down payment of 30%. All loans assume a single-family residence; purchase loan; mortgage rate lock period of 30 days and customer profile with excellent credit. See estimated monthly payments. Depending upon your credit profile and loan amount, interest-only loans are available and provide for the payment of interest only for a set period of time and payments of principal and interest thereafter for the remainder of the loan term. While making interest-only payments, principal is not reduced. At the end of this period, your monthly payment will increase. Rate, points and APR may be adjusted based on several factors, including, but not limited to, state of property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value and your credit score. Your final rate and points may be higher or lower than those quoted based on information relating to these factors, which may be determined after you apply. Tools and calculators are provided as a courtesy to help you estimate your mortgage needs. Results shown are estimates only. FHA loans require an up-front mortgage insurance premium (UFMIP), which may be financed, or paid at closing, and an FHA annual mortgage insurance premium (MIP) paid monthly will also apply. For the Adjustable-Rate Mortgage (ARM) product, interest is fixed for a set period and adjusts periodically thereafter. At the end of the fixed-rate period, the interest and payments may increase according to future index rates. The APR may increase after the loan closes.
Mortgage Calculator
Loan details, fees, and rates can change. Your actual rate, payment and costs could be higher. Get an official Loan Estimate before choosing a loan. Taxes and Insurance are estimated, final amounts are specific to your property and insurance preferences. All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.
Cash-out: The available cash-out amount provided is only an estimate. It’s based on a percentage of your estimated home value minus the amount of your first mortgage. This doesn’t include home equity lines of credit or other liens. Closing costs, unpaid taxes and escrow balances may also affect the total cash-out available at closing. The actual amount you may be able to borrow will be determined after you apply. That amount is based on your property’s appraisal value, the age of your existing first lien, any other liens on your property and our other credit criteria. A cash-out refinance may not be available in all instances or for all property types.
Refinance: The amount you save on a refinanced mortgage may vary by loan. If a refinanced mortgage term is longer than the term remaining on your current loan, you will incur additional interest charges for the extended term.
Debt consolidation information: The amount you save on debt consolidation may vary by loan. Since a home loan or cash-out refinance may have a longer term than some of the bills you may be consolidating, you may not realize a savings over the entire term of your new loan. In addition, your new loan may require you to incur increased premiums, as applicable, for mortgage insurance, hazard and flood insurance, which would affect your monthly payment reduction. Certain types of federal loans, including federally guaranteed student loans, come with benefits that may be impacted if you consolidate. Important notice to servicemembers and their dependents: A refinance may not be advantageous to you if you are currently eligible for benefits provided by the Servicemembers Civil Relief Act (SCRA). If you are an SCRA-eligible customer and have questions about the SCRA or about refinancing, please discuss with your Home Loan Expert. Mortgage calculators are provided as a courtesy to help you estimate your mortgage needs. Results shown are estimates only. FHA loans require an up-front mortgage insurance premium (UFMIP), which may be financed, or paid at closing, and an FHA annual mortgage insurance premium (MIP) paid monthly will also apply. For down payments less than 20% on conventional loans, Mortgage Insurance (MI) may be required, and MI charges may apply.
Loan Disclosure
Important Notice: This disclosure is provided to you in compliance with the Truth in Lending Act (TILA) and outlines essential information regarding the terms, conditions, and costs associated with the mortgage loan products available through our platform. By accessing or submitting an application this website, you acknowledge your understanding of the following disclosures.
1. Truth in Lending Act (TILA) Disclosures
In accordance with the Truth in Lending Act (TILA), and its implementing regulations, we are required to provide the following key information in connection with your mortgage loan application. The terms below are considered "triggering terms" and may require specific disclosures under TILA:
Annual Percentage Rate (APR): The APR represents the total cost of the loan, including interest charges and any associated fees, expressed as a yearly interest rate. The APR will vary based on the loan amount, term, and your creditworthiness.
Amount Financed: The amount financed is the total credit provided to you through the loan, less any fees or charges that may be included as part of the loan transaction.
Finance Charge: The finance charge is the total cost of your loan, which includes all interest and fees you will pay over the life of the loan.
Total Payments: This represents the total amount you will pay over the life of the loan, encompassing the principal, interest, and all applicable fees.
Payment Schedule: The payment schedule will outline the frequency and amount of payments due under the loan, along with any applicable late payment fees or penalties for missed payments.
2. Loan Terms
All relevant loan terms, including but not limited to interest rate, loan term, and any provisions for variable interest rates (if applicable), will be provided to you in full upon submission of your loan application.
3. Additional Disclosures
Prepayment Penalties: If applicable, you will be informed in writing whether the loan includes any prepayment penalties and the specific terms and conditions under which such penalties would apply.
Late Payment Fees: Information regarding any late payment fees, including the amount of such fees and any conditions that may trigger their application, will be disclosed to you prior to or during the loan process.
Variable Rate Information: If the loan has a variable interest rate, we will disclose how the rate is calculated, the index used to determine rate changes, and the frequency with which the rate may adjust.
Acknowledgment: By submitting your loan application or inquiry, you expressly acknowledge that the terms of the loan and related disclosures, as required under TILA, will be provided to you upon approval. You agree to review these documents carefully before proceeding with the loan transaction. This disclosure is intended to ensure your understanding of the loan process and your rights under the Truth in Lending Act. Please review all loan documentation and disclosures provided to you prior to proceeding with any loan commitment.
Consumer Rights and Additional Resources
Under the Truth in Lending Act, you have specific rights related to the mortgage loan process. For more information regarding your rights, including how the terms of the loan are calculated and your protections under the Act, we encourage you to review the official TILA regulations available through the Consumer Financial Protection Bureau (CFPB). You may access these regulations at the following link: TILA Regulations on the CFPB Website. https://www.consumerfinance.gov/rules-policy/regulations/1026/