Rates as of: 10:53AM (EDT) on 7/28/2015
Adjustable Rate Mortgage Features
- Getting the lowest rates available will have you doing victory donuts!
- Planning on burning rubber to a new house or refinancing in the next 5 , 7, or 10 years? Why pay all the interest on a higher fixed rate?
- Need more cash for gas? Refinance up to 95% of your home’s value or buy a new one with as little as 10% down.
Find out more information at QuickenLoans.com
*Based upon total loans closed 1/01/2012 through 6/30/2013
Closed Client Surveys - See Details
Based upon a Quicken Loans market research questionnaire of clients whose loans closed between 1/1/2012 and 1/31/2013.
Adjustable-Rate Mortgage: The initial payment on a 30-year $200,000 5-year Adjustable-Rate Loan at 2.875% and 70% loan-to-value (LTV) is $829.79 with 2.125 points due at closing. The Annual Percentage Rate (APR) is 3.193%. After the initial 5 years, the principal and interest payment is $841.28. The fully indexed rate of 3.125% is in effect for the remaining 25 years and can change once every year for the remaining life of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Rate is variable and subject to change after 5 years.
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