The Rocket Mortgage Refinance Rates are for estimation purposes only. Every situation is different. Results do not reflect all loan programs and are subject to individual program loan limits. Qualification, rates and payments will vary based on timing and individual circumstances. Mortgage rates and pricing 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. This is not a commitment to lend.
30-year Fixed-Rate Loan: An interest rate of 5.99% (6.267% APR) is for the cost of 1.75 point(s) ($4,812.50) paid at closing. On a $275,000 mortgage, you would make monthly payments of $1,647.00. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%.
30-year FHA Fixed-Rate Loan: An interest rate of 5.49% (6.321% APR) is for the cost of 1.75 Point(s) ($4,812.50) paid at closing. On a $275,000 mortgage, you would make monthly payments of $1,673.58. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%.
Payment includes a one-time upfront mortgage insurance premium at 1.75% of the base loan amount and a monthly mortgage insurance premium (MIP) calculated at 0.5% of the base loan amount. For mortgages with a loan-to-value (LTV) ratio of 60.00%, the 0.5% monthly MIP will be paid for the first 11 years of the mortgage term. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments until the end of the loan.
30-year Fixed-Rate Jumbo Loan: An interest rate of 5.875% (6.072% APR) is for the cost of 1.625 point(s) ($17,875.00) paid at closing. On a $1,100,000 mortgage, you would make monthly payments of $6,506.92. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 70.00%.
30-year Fixed-Rate VA Jumbo Loan: An interest rate of 5.375% (5.755% APR) is for a cost of 1.50 Point(s) ($16,500.00) paid at closing. On a $1,100,000 mortgage, you would make monthly payments of $6,159.69. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 70.00%.
VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.
30-year Fixed-Rate VA Loan: An interest rate of 5.49% (5.977% APR) is for a cost of 1.875 Point(s) ($5,156.25) paid at closing. On a $275,000 mortgage, you would make monthly payments of $1,559.70. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%.
VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.
25-year FHA Fixed-Rate Loan: An interest rate of 5.49% (6.43% APR) is for the cost of 1.875 Point(s) ($5,156.25) paid at closing. On a $275,000 mortgage, you would make monthly payments of $1,800.69. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%.
Payment includes a one-time upfront mortgage insurance premium at 1.75% of the base loan amount and a monthly mortgage insurance premium (MIP) calculated at 0.5% of the base loan amount. For mortgages with a loan-to-value (LTV) ratio of 60.00%, the 0.5% monthly MIP will be paid for the first 11 years of the mortgage term. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments until the end of the loan.
25-year Fixed-Rate VA Loan: An interest rate of 5.49% (6.057% APR) is for a cost of 2.00 Point(s) ($5,500.00) paid at closing. On a $275,000 mortgage, you would make monthly payments of $1,687.10. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%.
VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.
20-year Fixed-Rate Loan: An interest rate of 5.625% (6.002% APR) is for the cost of 1.875 point(s) ($5,156.25) paid at closing. On a $275,000 mortgage, you would make monthly payments of $1,911.16. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%.
20-year FHA Fixed-Rate Loan: An interest rate of 5.625% (6.676% APR) is for the cost of 1.625 Point(s) ($4,468.75) paid at closing. On a $275,000 mortgage, you would make monthly payments of $2,024.30. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%.
Payment includes a one-time upfront mortgage insurance premium at 1.75% of the base loan amount and a monthly mortgage insurance premium (MIP) calculated at 0.5% of the base loan amount. For mortgages with a loan-to-value (LTV) ratio of 60.00%, the 0.5% monthly MIP will be paid for the first 11 years of the mortgage term. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments until the end of the loan.
20-year Fixed-Rate VA Loan: An interest rate of 5.625% (6.267% APR) is for a cost of 1.75 Point(s) ($4,812.50) paid at closing. On a $275,000 mortgage, you would make monthly payments of $1,911.16. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%.
VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.
15-year Fixed-Rate Loan: An interest rate of 5.375% (5.866% APR) is for the cost of 2.00 point(s) ($5,500.00) paid at closing. On a $275,000 mortgage, you would make monthly payments of $2,228.78. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%.
15-year FHA Fixed-Rate Loan: An interest rate of 4.99% (5.928% APR) is for the cost of 1.875 Point(s) ($5,156.25) paid at closing. On a $275,000 mortgage, you would make monthly payments of $2,206.92. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%.
Payment includes a one-time upfront mortgage insurance premium at 1.75% of the base loan amount and a monthly mortgage insurance premium (MIP) calculated at 0.15% of the base loan amount. For mortgages with a loan-to-value (LTV) ratio of 60.00%, the 0.15% monthly MIP will be paid for the first 11 years of the mortgage term. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments until the end of the loan.
15-year Fixed-Rate VA Loan: An interest rate of 4.99% (5.802% APR) is for a cost of 1.875 Point(s) ($5,156.25) paid at closing. On a $275,000 mortgage, you would make monthly payments of $2,173.26. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%.
VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.
Assumptions:
For all rates shown, unless otherwise noted, we assumed:
- You’re buying a single-family home that’s your primary residence.
- Closing costs will be paid up front, not rolled into the loan.
- Your debt-to-income ratio is less than 43%.
- Your credit score is 740.
- You’ll have an escrow account for payment of taxes and insurance.
