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| 15 year fixed conforming |
| 30 year fixed conforming |
| FHA 30 year conforming |
Rates last updated on Friday, May 11, 2012
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15 year fixed conforming
This loan is fully amortized for 15 years. The rate is fixed for the entire term. There is no prepayment penalty or balloon payment. This is for a owner occupied residence.
Term: 15 years
Maximum Amount: $417,000
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| Rates | APR | Points |
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| 2.75% | 3.194% | 1.25% |
| | Loan amounts less than $125,000 may have a slighltly higher rate. FICO scores below 740 may have a higher rate. |
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30 year fixed conforming
This loan is fully amortized for 30 years. The rate is fixed for the entire term. There is no prepayment penalty or balloon payment. This is for a owner occupied residence.
Term: 30 years
Maximum Amount: $417,000
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| Rates | APR | Points |
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| 3.5% | 3.73% | 1% |
| | Loan amounts less than $125,000 may have a slighltly higher rate. FICO scores below 740 may have a higher rate. |
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FHA 30 year conforming
This loan is fully amortized for 30 years. The rate is fixed for the entire term. There is no prepayment penalty or balloon payment. This is for a owner occupied residence.
Term: 30 years
Maximum Amount: $417,000
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| Rates | APR | Points |
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| 3.75% | 3.836% | -0.75% |
| | FHA loans have a Up Front Mortgage Insurance Premium added to the loan up to 1.10%. There is also a Monthly Mortgage Insurance up to .90% of the principal balance. This is determined by the loan to value. |
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $13,400. Your actual APR may be different depending upon these factors.
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