Mortgage Rate Assumptions

Published on June 23, 2017

– 1 min read

  • Assumes applicant applied online and met the terms for Clara’s fee waiver
  • Rates shown assume a refinance transaction.
  • Annual Percentage Rate (APR) calculations assume a refinance transaction of a single-family, detached, owner occupied primary residence; a “Good” credit score; estimated property value of $500,000, loan balance $400,000, and a loan amount of $400,000; loan-to-value 80%, 15 or 30-year Fixed.
  • Rates may be higher for loan amounts under or over $400,000. Please call for details.
  • Rates are subject to change without notice.
  • Closing costs assume that borrower will escrow monthly property tax and insurance payments.
  • Subject to underwriter approval; not all applicants will be approved.
  • Fees and charges apply.
  • Assumes 45 day rate lock for Clara refinance loans and 30 day rate lock for Clara purchase loans.
  • Rocket Mortgage and Quicken Loans display a 45 day rate lock.
  • Rates based on California property.
  • Mortgage insurance is not included in the payment quoted.
  • Restrictions may apply.
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