Compare Mortgage RatesforMarch 29, 2025
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These are demonstration rates for illustration purposes only.
SORT BY
NMLS #407536
APR
5.989%
30 YR-FIXED
Payment
$1,875/mo
Rate
5.875%
Fees
$2,950
0.500 Points
Equal Housing Lender
NMLS #2767
APR
6.080%
30 YR-FIXED
Payment
$1,917/mo
Rate
5.990%
Fees
$3,160
0.654 Points
Equal Housing Lender
NMLS #417490
APR
6.128%
30 YR-FIXED
Payment
$1,919/mo
Rate
6.000%
Fees
$4,400
0.875 Points
Equal Housing Lender
Important Mortgage Rate Information
How We Get Our Rates:
- The mortgage rates and loan terms you see are provided by SimpliBorrow through a network of lenders, including Texana Bank, N.A. (NMLS ID: 407536, Equal Housing Opportunity). This means your loan could be funded by Texana Bank or one of its approved partner lenders.
- While we strive to ensure the accuracy and availability of these rates, SimpliBorrow cannot guarantee them. Market conditions and individual circumstances can cause rates to change.
Understanding Your Loan Estimate:
- Estimated Payments: The monthly payment estimates you see do not include property taxes or homeowners insurance. Your actual monthly payment will be higher once these costs are added.
- Rate Changes: Interest rates and Annual Percentage Rates (APRs) are based on current market conditions and are for informational purposes only. They can change without notice.
- Factors Affecting Your Rate: Your actual interest rate and APR may be affected by factors such as:
- The type of property you are buying or refinancing.
- Whether you are taking cash out during a refinance.
- The loan amount.
- Your loan-to-value ratio (LTV).
- Your credit score.
- Other individual circumstances.
- APR vs. Interest Rate:
- The APR reflects the total cost of your loan, including interest, most closing costs, and fees, expressed as a yearly rate.
- Your actual monthly payment is based on the interest rate stated in your loan documents, not the APR.
- Mortgage Insurance (PMI): Depending on your loan, you may be required to pay mortgage insurance. This will increase your APR and monthly payment.
Loan Specifics:
- Property Type: These rates are generally for single-family, owner-occupied residences.
- Loan-to-Value (LTV): An 80% LTV means the loan amount is 80% of the property's appraised value.
- Rate Lock:
- You can lock your interest rate after you apply and request it.
- Rate lock periods vary, and are typically 30 days for refinances.
- Market rates can change until your rate is officially locked.
- This is not an offer of a rate lock.
- Loan Amount: The loan amount is the purchase price minus your down payment.
- Discount Points: Any discount points (fees paid to lower the interest rate) are shown separately.
- Lien Position: These are for first lien mortgages.
- Loan Term: The loan term (e.g., 30 years) is as displayed.
Important Disclaimers:
- Application vs. Approval: Receiving this information does not mean you are pre-approved or approved for a loan. You must submit a full application for review.
- Refinancing Considerations:
- Refinancing to lower your payment or change to a fixed rate could increase the total interest you pay over the life of the loan.
- Refinancing into a shorter term loan will result in higher payments, but earlier payoff.
- Call us to discuss your specific refinance situation.
- Purchase Loans:
- Final loan approval for purchases depends on a satisfactory appraisal, title review, and your continued financial stability.
- Preapproval is subject to terms and conditions, and timely submission of documentation.
- Preapproval does not guarantee the loan program's availability or the interest rate.
- Prequalification is not a commitment to lend.
- General Disclaimer: This is not a commitment to lend. Loan programs, rates, terms, and conditions are subject to change without notice.
Frequently Asked Questions
Common questions about mortgages to help you make an informed decision