| * | Mortgage rates could change daily. |
| * | Actual payments will vary based on your individual situation and current rates. |
| * | Some products may not be available in all states. |
| * | Lending services may not be available in all areas. |
| * | Some restrictions may apply. |
| * | Based on the purchase/refinance of a primary residence. |
| * | We assumed (unless otherwise noted) that: closing costs are paid out of pocket; this is your primary residence and is a single family home; debt-to-income ratio is less than 45%; and credit score is over 720. |
| * | The lock period for your rate is 30 days. |
| * | If LTV > 80% PMI will be added to your monthly mortgage payment. |
| * | Please remember that we don't have all your information. Therefore, the rate and payment results you see from this calculator may not reflect your actual situation. Quicken Loans offers over a hundred loan products. You may still qualify for a loan even if your situation doesn't match our assumptions. |
15-Year Fixed-Rate Mortgage: The payment on a $200,000 15-year Fixed-Rate Loan at 4.25% and 80% loan-to-value (LTV) is $1504.56 with 1.875 points due at closing. The Annual Percentage Rate (APR) is 4.622%. Payment does not include taxes and insurance. Some state and county maximum loan amount restrictions may apply.