Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties). Conforming rate quote below based on sales price of $500,000 with 20% down payment, owner occupied with minimum credit scores of 680. Rates quoted are priced based on a 45 day lock with 1 point and there are no prepayment penalties on any of the rates quoted below.
30 Year Fixed: 6.250% (APR 6.389%). Payment per $1000 = $6.16
30 Year Fixed with 10 Year Interest Only: 6.375% (APR 6.389%). Payment per $1000 = $5.31
40 Year Fixed: 6.250% (APR 6.368% ). Payment per $1000 = $5.68
7/1 ARM: 5.875% (APR 6.011%). Payment per $1000 = $5.92
5/1 ARM: 5.750% (APR 5.885%). Payment per $1000 = $5.84
5/1 ARM with 10 Year Interest Only: 5.875% (APR 6.011%). Payment per $1000 = $5.92
JUMBO (Non-Conforming) Rates. Pricing is based on the same criteria above, with the exception that the loan amount is $417,001-$650,000 (20% down).
30 Year Fixed: 6.250% (APR 6.380%). Payment per $1000 = $6.16
30 Year Fixed with interest only payments: 6.250% (APR 6.386%). Payment per $1000 = $5.21
40 Year Fixed: 6.250% (APR 6.386%). Payment per $1000 = $5.68
5/1 ARM: 6.000% (APR 6.128%). Payment per $1000 = $6.00
5/1 ARM with 10 Year interest only payments: 6.00% (APR 6.134%). Payment per $1000 = $5.00
Please do not select your Mortgage Professional by interest rates alone and do not shop rates by APR. This is just a small sample available of rates and products. For a specific strategy for your mortgage needs, contact a qualifed Mortgage Professional.
Rates quoted are as of 11:00 a.m. PST and may change at any time.
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