Advertised and editorial rates: This table includes two types of advertisements: advertisements for which we are likely to be paid (“advertiser advertisement”); and the listings we research and publish to provide a more holistic view of market rates (“editorial listings”). Here’s how to tell the difference: if you see a clickable button, such as a green “Next” button, it’s an advertiser listing, and if you don’t see a clickable button, it’s an editorial listing. For more information, see our Advertising Disclosure
Accuracy of the announced conditions: Each advertiser is responsible for the accuracy and availability of details of their advertising offer. However, we try to verify these details through our quality control program. For more information, see our quality control program.
Editorial content: We include editorial content below the rate table to educate consumers about financial products and services. Some of this content may also contain advertisements, including links to advertiser sites, and we may be paid for those advertisements or links. For more information, see How We Make Money.
Terms and expressions that can be used in this mortgage rate table
The initial costs: The initial fees are charged for the granting of the loan. These costs are usually labeled as origin, application, processing, subscription, or administration costs. The upfront fees may not include all of the costs associated with securing your mortgage. Please visit the Consumer Financial Protection Bureau website or consult a loan officer or broker for more information.
Points: Points are fees paid directly to the lender in exchange for a reduced interest rate. One point is equal to 1% of the borrowed funds. By paying points, you save money on interest over the life of your mortgage.
Cost over 5 years: This is an estimate of how much you will pay in interest and fees, such as upfront fees and points, for the period shown. The estimated amount does not include principal payments or other costs, such as taxes, insurance, or private mortgage insurance. The actual terms of your loan, such as rate, annual percentage, monthly payment, and upfront fees, may be different due to other factors, such as your credit rating, income, and work history.
Calculate your monthly payment:
Main: The face value of a loan, regardless of the interest charged on the loan amount.
The interest: Payments made to a lender by a borrower in exchange for a loan.
Property tax: Any tax on real estate or certain other forms of property.
Private mortgage insurance (PMI): An insurance policy that compensates lenders for losses resulting from a mortgage default.
Homeowners Association (HOA): Private association formed by a real estate developer for the purpose of marketing, managing and selling houses and land in a residential subdivision.
Breakdown of one-off costs: These fees are estimates of the fees charged by the lender for the processing, approval and financing of a loan.