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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.

Conventional adjustable-rate mortgage (ARM) loans

Term
Rate
APR 1
Monthly payment
Points
Conventional adjustable-rate mortgage (ARM) loans
Term
10/1
Monthly payment
Rate
APR 1
Points
Term
7/1
Monthly payment
Rate
APR 1
Points
Term
5/1
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 Jumbo
Monthly payment
Rate
APR 1
Points
Term
7/1 Jumbo
Monthly payment
Rate
APR 1
Points
Term
5/1 Jumbo
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
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
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 FHA refinance loan?

An FHA refinance loan is a government-backed loan that’s insured by the Federal Housing Administration. They generally have more flexible lending requirements than conventional refinance loans. And, depending on your credit score, you may only be required to have 3.5% equity (or down payment).

To qualify for an FHA refinance loan, you’ll need to meet the general credit score, borrower equity and property requirements. For some mortgages, the FICO Score you need is 620, but FHA refinance loans typically have lower credit requirements. And a minimum equity or down payment of 3.5% is required for all FHA refinance loans. Also, the home itself must be used as your primary residence and should protect the health and safety of the residents and the safety of the property. It shouldn’t have physical deficiencies or conditions affecting its structural integrity. An FHA-approved appraiser must appraise the home.

If you're an active service member, veteran or eligible surviving spouse, VA refinance loans offer similar advantages, like lower credit score and borrower equity requirements.

FHA mortgage insurance

All FHA refinance loans require mortgage insurance even if you have 20% or more equity or put 20% or more down. Mortgage insurance protects the lender against any loss if you fail to pay your mortgage. A mortgage insurance premium (MIP) includes an upfront fee of 1.75% of your loan amount (either financed into the new loan amount or paid in full at closing) and a monthly cost (added to your monthly principal and interest payment). The monthly cost varies based on your loan amount, but typically ranges from 0.80% to 1.05% of the loan balance on a 30-year FHA loan and 0.45% to 0.95% of the loan balance on a 15-year FHA loan. Mortgage insurance is required on FHA loans for either 11 years or the entire length of the loan, depending on the terms.

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?

Step 1

Get prequalified for a basic estimate of what you may be able to borrow.

Step 2

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 rate 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 customer'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.