What are current mortgage rates? – December 23, 2024

Matthew Wentz
Speak Straight Mortgage
NMLS #1852397

Purchase Loans – What Are Current Mortgage Rates?

1. FHA
   Purchase Price: $400,000
   % Down: 3.50%
   Credit Score: 660+
   Rate: 6.25%
   Points: 0.43
   APR: 6.99%
   P&I Payment: $2,579
2. VA
   Purchase Price: $400,000
   % Down: 0.00%
   Credit Score: 660+
   Rate: 6.25%
   Points: 0.58
   APR: 6.54%
   P&I Payment: $2,516
3. Conventional
   Purchase Price: $400,000
   % Down: 25%
   Credit Score: 780+
   Rate: 6.63%
   Points: 1
   APR: 6.75%
   P&I Payment: $1,921

Refinance Loans

1. FHA Streamline
   Base Loan Amount: $400,000
   Loan To Value: 100%
   Credit Score: 660+
   Rate: 5.75%
   Points: 1.4
   APR: 6.65%
   P&I Payment: $2,558
2. VA IRRL
   Base Loan Amount: $400,000
   Loan To Value: 100%
   Credit Score: 660+
   Rate: 5.75%
   Points: 1.6
   APR: 5.97%
   P&I Payment: $2,334
3. Conventional Refi
   Loan Amount: $400,000
   Loan To Value: 80%
   Credit Score: 780+
   Rate: 6.38%
   Points: 1.1
   APR: 6.51%
   P&I Payment: $2,495

CHFA Down Payment Assistance (FHA)

1. Smart Step 4% Silent Second FHA
   Purchase Price: $400,000
   % Down: 3.50%
   Credit Score: 620+
   Rate: 7.125
   APR: 8.04%
   P&I Payment: $2,822.98
2. Smart Step 3% Grant FHA
   Purchase Price: $400,000
   % Down: 3.50%
   Credit Score: 620+
   Rate: 7.625
   APR: 8.55%
   P&I Payment: $2,956.81
3. First Step / First Generation FHA
   Purchase Price: $400,000
   % Down: 3.50%
   Credit Score: 620+
   Rate: 6.875
   APR: 7.78%
   P&I Payment: $2,857.03

These rates and payments are as of December 23, 2024.
If you have any questions about these loan programs or want to discuss your mortgage options, feel free to reach out!

More info on Aurora Colorado Real Estate https://movetoaurora.com/

More info on Colorado Springs Real Estate https://nicolestromrealtor.com/blog