How Do You Compare 30 Year Fixed Mortgage Rates?
You can use a basic mathematical formula to determine your monthly 30-year fixed rate mortgage payment using your desired loan term and interest rate. Other lender-specific factors such as points and fees will influence the overall cost of your loan. Using a simple online tool, you can compare a variety of different lenders and choose the one that best suits your needs and budget. Go to Interest.com and select the option to “Compare Rates” from the menu in the left sidebar. Select your state and city from the drop down menu or type your Zip code in the text field. Indicate the purpose of your loan. You will have the option to choose whether you are making a new purchase or refinancing your existing home loan. Type in the dollar amount you would like to borrow. Choose the fixed-rate loan type from the menu of options. There also are interest-only fixed rate, ARM (adjustable rate mortgage) and interest-only ARM loan types available if you’d like to compare your monthly payment. Select th
