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These rates, APRs, monthly payments and points are current as of !currentDate and may change at any time. They assume you have a FICO® Score of 740+ and a specific amount of equity as noted below for each product. They also assume the loan is for a single-family home as your primary residence and you will purchase up to one mortgage discount point in exchange for a lower interest rate. Connect with a mortgage loan officer to learn more about mortgage points.

Compare a variety of mortgage types by selecting one or more of the following.

Conventional fixed-rate loans

Term
Rate
APR 1
Monthly payment
Points
Conventional fixed-rate loans
Term
30-year
Monthly payment
Rate
APR 1
Points
Term
20-year
Monthly payment
Rate
APR 1
Points
Term
15-year
Monthly payment
Rate
APR 1
Points
Term
10-year
Monthly payment
Rate
APR 1
Points

The rates and monthly payments shown are based on a loan amount of $464,000 and at least 25% equity. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see a conforming fixed-rate estimated monthly payment and APR example. Get more details.

Conforming adjustable-rate mortgage (ARM) loans

Term
Rate
APR 1
Monthly payment
Points
Conforming adjustable-rate mortgage (ARM) loans
Term
10/6 mo
Monthly payment
Rate
APR 1
Points
Term
7/6 mo
Monthly payment
Rate
APR 1
Points

The rates and monthly payments shown are based on a loan amount of $464,000 and at least 25% equity. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.

Jumbo adjustable-rate mortgage (ARM) loans

Term
Rate
APR 1
Monthly payment
Points
Jumbo adjustable-rate mortgage (ARM) loans
Term
10/1 yr
Monthly payment
Rate
APR 1
Points
Term
7/1 yr
Monthly payment
Rate
APR 1
Points
Term
5/1 yr
Monthly payment
Rate
APR 1
Points

The rates and monthly payments shown are based on a loan amount of $940,000 and at least 25% equity. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.

Federal Housing Administration (FHA) loans

Term
Rate
APR 1
Monthly payment
Points
30-year
Federal Housing Administration (FHA) loans
Term
30-year
Monthly payment
Rate
APR 1
Points

The rates and monthly payments shown are based on a loan amount of $270,019 and at least 3.5% equity. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see an FHA estimated monthly payment and APR example. Get more details.

Veterans Affairs (VA) loans

Term
Rate
APR 1
Monthly payment
Points
30-year
Veterans Affairs (VA) loans
Term
30-year
Monthly payment
Rate
APR 1
Points

The rates and monthly payments shown are based on a loan amount of $270,072 and no equity. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see a VA estimated monthly payment and APR example. Get more details.

Jumbo loans

Term
Rate
APR 1
Monthly payment
Points
Jumbo loans
Term
30-year
Monthly payment
Rate
APR 1
Points
Term
20-year
Monthly payment
Rate
APR 1
Points
Term
15-year
Monthly payment
Rate
APR 1
Points

The rates and monthly payments shown are based on a loan amount of $940,000 and at least 25% equity. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see a jumbo estimated monthly payment and APR example. Get more details.

What is an adjustable-rate mortgage (ARM) refinance loan?

An ARM refinance loan is a home loan with an interest rate that adjusts throughout the life of the loan. There is an introductory fixed-rate period that lasts for five, seven or 10 years depending on the specific ARM product you choose. During this time, ARM refinance loans typically have lower rates than 30-year fixed-rate loans. After this introductory rate term expires, the rate becomes variable for the remaining life of the loan based on an index and margin. ARM loans set limits on how high or low the rate may go.

During the adjustable-rate period, the estimated payment and rate may change. The market conditions at the time of the conversion to the variable rate and during the adjustment period afterwards dictate your rate.

Jumbo ARM refinance loans can exceed the conforming loan limit of $766,550 and up to $1,149,825 in high-cost areas like Alaska and Hawaii. If you have an established credit history and at least 10% equity (or down payment), you may qualify for an ARM refinance loan. You’ll also need to meet the established guidelines for income and assets like cash reserves.

5-year ARM refinance loans

5-year ARMs generally provide the lowest interest rates and monthly payments during the initial rate period. These loans are ideal for borrowers who don't want a long-term mortgage and may be worth considering if you plan on moving within a few years.

7-year ARM refinance loans

7-year ARMs provide predictable monthly principal and interest payments at a low interest rate for seven years before any adjustments are made. This may be a good option if you expect to move or refinance within the seven-year period.

10-year ARM refinance loans

10-year ARMs may combine savings for the initial rate period with longer protection from market-based interest rate fluctuations.

Need help choosing the right refinance loan?

If you’re ready to refinance your mortgage but aren’t sure about your options, it may be time to find a mortgage loan officer. A mortgage loan officer can offer you guidance on choosing the right refinance loan for your specific needs.

Mortgage refinance calculator

See if refinancing is right for you and how much you could save with our mortgage refinance calculator.

Ready to refinance your mortgage?

Start your application if you’re ready to refinance your mortgage.

Get answers to common questions.

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Disclosures

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Mortgage, home equity and credit products are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.

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  1. Annual percentage rate (APR) represents the true yearly cost of your loan, including any fees or costs in addition to the actual interest you pay to the lender. The APR may be increased after the closing date for adjustable-rate mortgage (ARM) loans.

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The rates shown above are the current rates for the purchase of a single-family primary residence based on a 45-day lock period. These rates are not guaranteed and are subject to change. This is not a credit decision or a commitment to lend. Your final rate will depend on various factors including loan product, loan size, credit profile, property value, geographic location, occupancy and other factors.

To lock a rate, you must submit an application to U.S. Bank and receive confirmation from a mortgage loan officer that your rate is locked. An application can be made by calling 888-291-2334, by starting it online or by meeting with a mortgage loan officer.

Minnesota properties: To guarantee a rate, you must receive written confirmation as required by Minnesota Statute 47.206. This statement of current loan terms and conditions is not an offer to enter into an interest rate or discount point agreement. Any such offer may be made only pursuant to subdivisions 3 and 4 of Minnesota Statutes Section 47.206. 

Calculators are provided by Leadfusion. This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect U.S. Bank product terms. The information cannot be used by U.S. Bank to determine a client's eligibility for a specific product or service. All financial calculators are provided by the third-party Leadfusion and are not associated, controlled by or under the control of U.S. Bank, its affiliates or subsidiaries. U.S. Bank is not responsible for the content, results, or the accuracy of information.