We're sorry we cannot give you rates and payments right now.
Please visit www.quickenloans.com for current rates and payments.
Please choose a state and click "Go" again.
Please enter a loan amount and click "Go" again.
| Loan Type | Rate | APR | Payment |
|---|---|---|---|
| FHA Express | 5.00% | 5.223% | |
| 15-Year Fixed | 4.375% | 4.715% | |
| 30-Year Fixed | 5.00% | 5.189% |
Your setting will be saved with a cookie (assuming your browser accepts cookies) and will only persist on the computer you are currently using. If your browser does not accept cookies, these setting will only remain while you are on this page and will "reset" should you browse away and return.
If you did not choose a loan amount and state, here are the assumptions we used to calculate the rates that are shown:
If you chose a loan amount and state, we have used those to customize your rate and payment.
All rates and payments use the following assumptions:
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. To get more accurate and personalized results, please call (800) 343-5211 to talk to one of our mortgage bankers.
30-Year Fixed - You will make 360 equal monthly payments. Payment quoted above includes principal and interest. Rates could change daily. Actual payments will vary based on individual client situation and current rates. Some products may not be available in all states. Some restrictions may apply.
Interest-Only, 30-Year Fixed-Rate Loan - Rate is fixed for 30 years. Interest-only payments are due for the first 10 years. After 10 years, principal and interest payments are due. Payment quoted above includes interest only for the initial fixed rate period.
5-Year ARM - Rate is variable and subject to change. After the initial 5-year, fixed-rate period, the rate will adjust every 6 months. Potential payment is for initial, 5-year period. Payment quoted above includes principal and interest.
7-Year I/O - Rate is variable and subject to change. Interest-only payments are due for the first 10 years. After 10 years, principal and interest payments are due. Payment quoted above includes interest only for the initial fixed rate period, and is based on 80% LTV and 2 points. After 7 years, the rate will adjust every 6 months.
FHA Express - Rate is fixed for 30 years. Payment quoted above includes principal and interest, and also includes a one time upfront mortgage insurance premium (MIP) at 1.5% of the base loan amount and a monthly MIP calculated at 0.50% of the base loan amount. The 0.50% monthly MIP will be paid until the loan reaches 78% LTV, provided the MIP has been paid for a minimum of 5 years. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan. Rates could change daily. Actual payments will vary based on individual client situation and current rates. Some products may not be available in all states. Some restrictions may apply.
15-Year Fixed - You will make 180 equal monthly payments. Payment quoted above includes principal and interest. Rates could change daily. Actual payments will vary based on individual client situation and current rates. Some products may not be available in all states. Some restrictions may apply.