30-year Fixed Rate Mortgage
30-year Fixed Rate Mortgage Features
- 30-, 25-, 20-, 15- and 10-year terms are all available with fixed rates
- Refinance up to 95% of your primary home’s value
- Buy a home with as little as 5% down (primary home)
- Loan amounts from $25,000 to $2,000,000
How a 30-year Fixed Rate Mortgage Works
- Monthly payments based on interest rate, principal loan amount, and amortized interest over 30 years
- Your payment will not change throughout the life of the loan
- Your actual payment will vary based on your situation and the current interest rates when you apply
- Pay your mortgage at any time without pre-payment penalties
30-Year Fixed Rate Mortgage
Do you plan to stay in your home for many years?
- Do you prefer a consistent mortgage payment for budget planning?
- Does your peace of mind depend on a payment that never changes?
If you answered yes to any of these questions, a 30-year fixed-rate mortgage might be right for you! Since your rate won’t change for the life of your loan, your payment will never increase.
Loan term availble for following loan types
Our Assumptions
- 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. Key Financial Mortgage 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 (855) 744-2888 to talk to one of our Loan Originators today.
