Mortgage interest rates are at an all-time low which means smaller monthly payments or shorter loan terms for you. Research the current mortgage interest rates and plug them in below to find your estimated monthly principal and interest payment. Don’t be afraid to negotiate between lenders using one interest rate or fee amount to lower the other. Remember, other costs could impact your monthly payment, including Escrows and PMI.
This is just an estimate and may change depending on your mortgage lender and credit history.