What Factors Affect My Rate?

Alert: This is a game! It shows you how some factors can impact the final rate offered on a mortgage loan. You’ll see more factors here than are usually included in advertised rates. We’ll still want to discuss others later, such as your property type and whether you’re purchasing or refinancing. In the meantime, click on the cogs to adjust the numbers and see how the basics work. Then give us a call. Remember, when it comes to real rates, we don’t play around.

I understand that these rates are just examples and not an offer to lend.

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Some combinations
may not exist!

NO CHANGE!

RATE-O-METER

ADJUSTED RATE*

N/A

ADVERTISED
RATE

LOAN TERM

DOWN PAYMENT

BAD

CREDIT RATING

FIXED

ADJUST.

1ST

2ND

Shorter loan terms equal lower rates. Lower down payments = Higher rates As credit scores rise, rates go down.

Click the parts above to change the values.

Why does the loan rate change based on the scenario?

*The interest rate here is provided for educational purposes only. It does not reflect current or actual interest rates, is not a quote and does not show an annual percentage rate (APR). It is intended solely to demonstrate how rates can vary from those often advertised. Variances can be based on credit rating, loan types, terms, etc., as illustrated. The adjustment factors used here can vary and are subject to change at any time. Please contact the provider using the information below for information and current rates specific to your potential transaction.