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This fixed-rate mortgage calculator also makes some assumptions about typical down payment amounts, settlement costs, lender’s fees, mortgage insurance, and other costs. For a more accurate rate quote, talk to a mortgage loan officer.
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NerdWallet’s Mortgage Income Calculator shows you how much income you need to qualify for a mortgage. It uses five numbers – home price, down payment, loan term, interest rate and your total. based.
Our refinance calculator uses today’s current rates. Once you enter your numbers and pressing "Calculate," you’ll see a list of recommended loans, terms and rates. If you like what you see, you can get started by contacting a Home Loan Expert or applying online with Rocket Mortgage .
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A mortgage rate is the amount of interest paid on the mortgage, quoted as an annual percentage rate (apr). Current mortgage rates are 4.29% for a 30-year fixed mortgage, 3.84% for a 15-year fixed.