Mortgage Rate Calculator

Get a personalized rate estimate based on your credit score, down payment, loan type, and property. See how each factor affects your rate and monthly payment.

Your Borrower Profile
Credit & Finances
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Loan Details
Property
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Estimated Rate
Range: —
Estimate only. Actual rates vary by lender.
Credit Score
Down Payment
DTI Ratio
Property Type
Rate by Credit Score Profile
Payment Impact
Loan Amount
Est. Monthly Payment
Total Interest
Getting Started

How to Use the Rate Calculator

Estimate your personalized mortgage rate based on your financial profile and loan details.

1

Select Your Credit Score Range

Choose the range that matches your credit score. Higher scores qualify for lower rates — this is typically the single biggest factor in your rate.

2

Enter Purchase Price & Down Payment

Input the home price and down payment percentage. A larger down payment reduces your loan-to-value ratio and often earns a better rate.

3

Choose Loan Type & Term

Select between conventional, FHA, VA, or jumbo loans and pick your term length. Different loan types and shorter terms typically come with lower rates.

4

Set Your DTI & Property Type

Enter your debt-to-income ratio and property type (single family, condo, etc.). These factors influence the risk adjustments applied to your rate.

5

Review Your Estimated Rate

See your personalized rate estimate, monthly payment, and a breakdown of each factor's impact. Compare how changing any input shifts your rate up or down.

What Affects Your Rate

The 6 Factors That Determine Your Rate

Lenders use risk-based pricing — the lower the risk you pose, the lower the rate they offer. Credit score and LTV (loan-to-value) are the two biggest levers you control.

Improving your credit score from 680 to 740 can save 0.3–0.5% on your rate. On a $350k loan, that's $70–$100/month — or $25k–$36k over 30 years.

Credit Score

The single biggest factor. 760+ gets the best tiers. Below 680 adds significant rate premiums. Check and fix errors before applying.

Loan-to-Value (LTV)

Higher down payment = lower LTV = lower rate. Every 5% more down typically saves 0.125%–0.25%.

Debt-to-Income (DTI)

Below 36% is ideal. Above 43% and lenders may add a rate premium or deny the loan.

Loan Type & Term

15-year fixed rates are 0.5–0.75% lower than 30-year. ARMs start lower but carry future risk. VA loans offer excellent rates for eligible veterans.