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For Sale By Owner (FSBO) is a method of property sale where a homeowner sell their home directly, without the services of a real estate agent or…
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Household income is the combined gross income of all members of a household who are 15 years or older, regardless of whether they are…
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Dual agency is when the same real estate agent represents the buyer and the seller in the same home purchase…
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A non-occupant co-borrower is a person who co-signs a mortgage loan but does not live in the property that the mortgage is…
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HO-6 Insurance, commonly known as "condo insurance" or "co-op insurance," is homeowners insurance for people who own units in a condominium or a…
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New Home Sales is an economic indicator that tracks the number of newly constructed homes sold in a given…
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Personal Consumption Expenditures (PCE) is an economic indicator representing the value of household goods and services…
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The House Price Index (HPI) is an essential economic indicator that tracks changes in home prices across the United…
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A home inspection is a thorough examination of a property's condition, typically conducted by a qualified…
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A flipped home is a property that has been purchased, renovated, and sold for a profit within a short period, usually nine months or…
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A Master Condo Policy is an insurance policy held by a condominium's homeowners association (HOA) that covers common areas and the overall structure…
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A buyer's agent is a real estate professional representing a home buyer's interests in a real estate…
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A deductible is the amount of cash a homeowner must pay out of pocket before insurance coverage kicks…
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Homeowners insurance is an insurance policy that pays out when a home is damaged by weather, fire, or other means.…
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A high-cost area is a city, county, or parish where the median home value significantly exceeds the national average, leading to higher loan limits…
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The National Association of REALTORS® (NAR) is a real estate trade organization and owner of the registered trademark…
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Payment shock refers to a significant and abrupt increase in a first-time home buyer's monthly financial obligations, particularly when transitioning…
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Principal balance is the amount of unpaid money on a mortgage…
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Mortgage Rate Assumptions
The Homebuyer.com mortgage rates shown on this page are based on assumptions about you, your home, and the state where you plan to purchase. The rate shown is accurate as of , but please remember that mortgage rates change without notice based on mortgage bond market activity.
The Homebuyer.com mortgage rates shown on this page are based on assumptions about you, your home, and the state where you plan to purchase. The rate shown is accurate as of {{ formatDate(rates[0].createdAt) }}, but please remember that mortgage rates change without notice based on mortgage bond market activity.
Our mortgage rate assumptions may differ from those made by the other mortgage lenders in the comparison table. Your actual mortgage rate, APR, points, and monthly payment are unlikely to match the table above unless you match the description below:
You are a first-time buyer purchasing a single-family home to be your primary residence in any state other than New York, Hawaii, and Alaska. You have a credit score of 660 or higher. You are making a down payment of twenty percent and using a 30-year conventional fixed-rate mortgage. You earn a low-to-moderate household income relative to your area.
The information provided is for informational purposes only and should not be confused for a mortgage rate commitment or a mortgage loan approval.
Legal Disclosures
{{ rate.lender }}. The {{ formatRate(rate.thirtyYearFixed) }} mortgage rate ({{ formatRate(rate.apr) }} APR) shown above for {{ rate.lender}} is based on information published on the lender's website and retrieved on {{ formatDate(rate.createdAt) }}. According to its website, {{ rate.lender }}'s published rate requires home buyers to pay {{ formatPoints(rate.points) }} points at closing, totaling {{ formatDollars(rate.cost) }}, on an example {{ formatDollars(rate.loanAmount) }} 30-year fixed-rate conventional mortgage. Its mortgage rate assumes the home buyer will make a {{ formatDollars(rate.downPayment) }} downpayment or larger and purchase a single-family residence. Its mortgage rate also assumes that the home buyer will have a credit score of {{ rate.fico }} or higher. The monthly payment for the mortgage with the above terms is {{ formatDollars(rate.monthlyPayment) }} for 360 months, plus taxes and insurance premiums. {{ rate.lender }} provides this information for estimation purposes only and does not guarantee accuracy. Your mortgage rate, APR, loan size, and fees may vary.