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Mortgage Rates Calculator - Compare Latest Mortgage Rates Today

Compare current mortgage rates and calculate home loan payments. Check mortgage rates today, 30 year rates, FHA loans, and VA home loan options.

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Enter your home loan details to see EMI, interest breakdown, and amortization schedule

How to Calculate Your Home Loan in 2 Minutes

Use Our Mortgage Calculator

Use our mortgage calculator to estimate your monthly payments based on current mortgage rates. Enter your home price, down payment, and loan term to see how mortgage rates today affect your monthly payment.

  • • Enter home purchase price ($50,000 - $2,000,000)
  • • Input down payment (typically 3-20%)
  • • Choose loan term (15, 20, or 30 years)
  • • View instant payment calculation with current rates

Check Today's Rates

Check today's rates for different loan types. 30 year mortgage rates are typically lower than 15-year rates, while current fixed mortgage rates provide payment stability.

  • • 30-year fixed rates: Currently 6.5-7.5%
  • • 15-year fixed rates: Currently 6.0-7.0%
  • • FHA loan rates: Typically 0.25% lower
  • • VA home loan rates: Often the best available

Compare the Latest Mortgage Rates Today

Conventional Loans

Latest mortgage rates for conventional loans with 20% down payment. Best rates for borrowers with excellent credit (740+ FICO score).

30-year: 6.75% - 7.25%
15-year: 6.25% - 6.75%

FHA Loans

FHA financing with as little as 3.5% down. Great option for first-time homebuyers with lower credit scores.

30-year: 6.50% - 7.00%
15-year: 6.00% - 6.50%

VA Home Loans

VA home loans for eligible veterans and service members. No down payment required with competitive rates.

30-year: 6.25% - 6.75%
15-year: 5.75% - 6.25%

FHA Loans, VA Home Loans & Refinancing Options

Government-Backed Loans

FHA loans and VA home loans offer competitive rates with flexible qualification requirements. These programs help more Americans achieve homeownership.

  • FHA loans: 3.5% down, credit scores as low as 580
  • VA home loans: $0 down for eligible veterans
  • • USDA loans: $0 down for rural and suburban areas
  • • Conventional loans: 3% down with good credit

Refinancing Your Mortgage

Refinance mortgage rates can help you lower your monthly payment or access your home's equity. Compare current rates to your existing loan.

  • • Rate-and-term refinance: Lower your rate or change terms
  • • Cash-out refinance: Access your home equity
  • • Streamline refinance: Simplified process for FHA/VA loans
  • • Break-even analysis: Calculate when refinancing pays off

Home Equity Line of Credit vs. HELoC Loan Rates

HELOC Rates

HELOC rates and home equity line of credit rates are typically variable and based on the prime rate. Access funds as needed during the draw period.

  • • Current HELOC loan rates: 7.5% - 10.5%
  • • Variable rates tied to prime rate
  • • 10-year draw period, 20-year repayment
  • • Interest-only payments during draw period

Home Equity Loans

Home equity loan rates are typically fixed, providing predictable monthly payments. Receive funds as a lump sum with fixed repayment terms.

  • • Current equity line of credit rates: 7.0% - 9.5%
  • • Fixed rates for payment stability
  • • 5-30 year repayment terms
  • • Lump sum disbursement at closing

Mortgage Rates FAQ