Updated about 3 years ago on . Most recent reply
How to choose a rate
Got these rates from better.com. In consideration for SFR purchase, about $250k, as a primary with 5%, house hack for one year and then rent out. Goal is to cashflow and future equity.
1-Which rate makes sense?
2-What factors do you take into consideration in order to make a decision that's makes sense in selecting a rate?
Rate (APR)
4.125% (4.529%)
Principal & interest
$1,037 mo.
Points
$9,348Select
4.250% (4.609%)
Principal & interest
$1,052 mo.
Points
$8,095Select
4.375% (4.681%)
Principal & interest
$1,068 mo.
Points
$6,662Select
4.500% (4.754%)
Principal & interest
$1,084 mo.
Points
$5,258See details
4.625% (4.852%)
Principal & interest
$1,100 mo.
Points
$4,527Select
4.750% (4.937%)
Principal & interest
$1,116 mo.
Points
$3,453Select
4.875% (5.030%)
Principal & interest
$1,132 mo.
Points
$2,632Select
5.000% (5.117%)
Principal & interest
$1,148 mo.
Points
$1,661Select
5.125% (5.202%)
Principal & interest
$1,165 mo.
Points
$638Select
5.250% (5.312%)
Principal & interest
$1,181 mo.
Points
$262Select
Rate (APR)
5.375% (5.427%)
Principal & interest
$1,198 mo.
Credits
- $444Select
5.500% (5.553%)
Principal & interest
$1,215 mo.
Credits
- $752Select
5.625% (5.679%)
Principal & interest
$1,231 mo.
Credits
- $1,364Select
5.750% (5.805%)
Principal & interest
$1,248 mo.
Credits
- $1,880Select
5.875% (5.930%)
Principal & interest
$1,265 mo.
Credits
- $2,455Select
6.000% (6.056%)
Principal & interest
$1,282 mo.
Credits
- $2,883Select
6.125% (6.182%)
Principal & interest
$1,300 mo.
Credits
- $3,313Select
Rate (APR)
6.375% (6.434%)
Principal & interest
$1,334 mo.
Credits
- $3,441