Chase is one of the most popular banks in the country. Its beginning date back to 1799, making it the oldest institution in the country. It operates in more than 50 countries around the world. The bank survived the Civil War, both World Wars, and the Great Depression, and it is still growing. Chase Bank mortgage rates are among the lowest that lenders have to offer. This article will attempt to give you information about Chase mortgages and the rates they can provide you with currently.
Bonus read – USAA Federal Savings Bank Mortgage Rates
Chase Current Mortgage Rates
The current mortgage rates can be found on their official website. The table below can give you information regarding the latest rates.
|Type of Mortgage Rate||Interest Rate||APR (Annual Percentage Rate)||(Annual Percentage Rate) Estimated Monthly Payment|
***Chase rates for a mortgage can change each day, so look at the website for the latest and most up-to-date information about your loan.
Chase Bank Mortgage Rates Additional Information
You could pre-qualify for one of the numerous Chase loan options. The website provides a look at the complete home buying process. You can find a mortgage calculator right here, so you can know if you can afford your new home.
By getting pre-qualified, you can search for a home knowing how much you can pay for the purchase. You might choose a fixed mortgage rate, or you might choose an adjustable mortgage rate. With fixed mortgage rates, you will know exactly how much you will pay in interest throughout the life of the loan. If you plan to stay in your home long-term and you get a low interest rate, this is probably the best option.
You can choose 30-year mortgage rates, 20-year mortgage rates, or 15-year mortgage rates. With a 30-year mortgage, your monthly payment amount will be lower. However, with a shorter term, you will pay less money.
You can also refinance your mortgage or dip into the equity. Refinance mortgage rates can be found on the website, as well as a refinance mortgage calculator. A Chase representative will be available to answer any questions about refinancing.
You can reduce the mortgage interest rate by purchasing mortgage rates. You are basically paying part of your interest up front. This will save you money.
Jumbo mortgage rates are available for loans than exceed $417,000. They go up to 3 million. You can receive a fixed rate loan for 30-year terms. They also come in 15 and 20-year terms or adjustable rates.
Monthly Mortgage Payment Example
|Type of Mortgage Rate||30-year fixed rate||20-year fixed rate||15-year fixed rate|
|APR (Annual Percentage Rate)||3.979%||3.542%||3.379%|
|Number of Payments||360||340||180|
|Average Monthly Payment||$1409.85||$1739.88||$2108.01|
|Total Amount of Interest||$207,547.22||$117,571||$79,441.14|
|Total Amount Paid||$507,547.22||$417,571||$379,441.14|
***The values in this table are approximate results of our calculations and can vary based on the type of credit you opt for. Please note that these are our examples and not offered by the financial institution.
Chase Bank mortgage rates will offer you the privilege of owning the perfect home. You can apply on the website, and the lender will find the best loan for your needs. You can be confident that the bank will provide the best mortgage possible.
Recommended read: Chase Bank Mortgage Account Login