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Today's Ohio Mortgage Rates: 7-year- ARM loan, $400,000, 0-points
| Rates as of: 04:39PM (EDT) on 5/23/2012. | |||||
Loan Option  |
7-Year Adjustable Rate Mortgage | ||||
|---|---|---|---|---|---|
| Total Monthly Payment (Including taxes and insurance) |
$2,843 | ||||
| Monthly Mortgage Payment |
$1,796 | ||||
| Estimated Taxes and Insurance |
$1,047 | ||||
| Mortgage Rate |
3.50% | ||||
| APR |
3.478% | ||||
| Points |
0 | ||||
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. Some jumbo products may not be available to first time home buyers. Lending services may not be available in all areas. Some restrictions may apply. Based on the purchase/refinance of a primary residence with no cash out at closing. 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 30%; and credit score is over 720, or in the case of certain Jumbo products we assume a credit score over 740, and an escrow account for the payment of taxes and insurance. The lock period for your rate is 45 days. The loan to value (LTV) rate is 70%. If LTV > 80%, PMI will be added to your monthly mortgage payment, with the exception of Military/VA loans. Military/VA loans do not require PMI.
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 a wide variety of loan options. You may still qualify for a loan even if your situation doesn’t match our assumptions. To get more accurate and personalized results, please call (888) 400-9677 to talk to one of our mortgage bankers.
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Take me there!Take Advantage of this 7-Year Adjustable Rate Mortgage!
Fill out the form on the right or call (888) 400-9677 and a Home Loan Expert will create a custom mortgage loan quote just for you!
Mortgage Rates - What You Need to Know
- The 7-Year adjustable rate mortgage is a popular mortgage for buying a home – one of the smallest down payments required. Also great for refinancing and requires less equity than other refinance loans. If you want to enjoy the benefits of a Loan with a low fixed payment, the 30-year Loan may be for you.
- Thinking about buying a home or refinancing with a low mortgage rate? 7-Year Loans have dropped to a level not seen in over a generation.
Why choose Quicken Loans over other Ohio mortgage companies?
- 27 Years of Experience. Quicken Loans has been a direct lender for over 27 years. When you work with Quicken Loans, you interact with your dedicated team of Ohio home mortgage experts throughout the entire process, ensuring the attention to detail you deserve.
- Convenience. We know you’re busy, so we've taken your traditional bank's home mortgage process and made it easier for you. Get a mortgage approval in minutes, securely sign your documents online, and track your home mortgage status using our secure website. We’ll even come to you for the closing — to your home, office, or anywhere in Ohio. You tell us where, and we’ll meet you there.
- Happy Clients. 9 out of 10 of our loyal clients would recommend us to friends and family. Need more proof? Read real Quicken Loans reviews by the people who know us best - our clients.
Get This Mortgage Rate Today!
Don't miss out - lock-in your low rate! Call (888) 400-9677 or fill out this form now.
(Secure / No Obligation / Free Expert Advice)Recently Featured In:
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