Example 30 year mortgage rates (from myfico.com - see site for current rate estimates):
| FICO score | APR | Monthly payment* |
|---|---|---|
| 760-850 | 5.860% | $2,362 |
| 700-759 | 6.082% | $2,419 |
| 660-699 | 6.366% | $2,493 |
| 620-659 | 7.176% | $2,709 |
| 580-619 | 8.820% | $3,167 |
| 500-579 | 9.679% | $3,416 |
Amounts shown for borrowing $400,000 and rates as of May 7th. For scores above 620, the APRs above assume a mortgage with 1.0 points and 80% Loan-to-Value Ratio. For scores below 620, these APRs assume a mortgage with 0 points and 60 to 80% Loan-to-Value Ratio.
FICO scores are determined by your:
- Payment history - 35%
- Amounts owed - 30%
- Length of credit history - 15%
- New credit - 10%
- Types of credit used - 10%
Related: 30 Year Fixed Rate Mortgage Rates - Learning About Mortgages
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