5.125% (APR 5.163%), 30-Year Fixed, $300,000 loan amount, 60% Loan-To-Value, Cashout Refinance, Single Family Home, 680 FICO
This is a cashout refinance scenario where the borrower has an “okay” credit score, there is plenty of equity in the home, and the borrower is looking to access some of that equity for home improvement, investment, general financial cushion, et cetera. Total closing costs in this scenario are $1,850. There are no origination points.
Mortgage Scenario posts are intended to provide you with a common scenario that gives you an idea of what competitive rates and fees should look like today. Rates change from day-to-day, even hour-to-hour, depending on MBS (Mortgage-Backed Securities) market movements. To get a quote that is customized to your situation, please fill out and submit the Mortgage Compare Request form on the Home Page.