Deutsche Bank was founded in 1872; therefore, the bank has a long history of quality service to its customers. The company offers mortgage loans to assist you in finding your dream home. You can obtain a fixed rate loan or an adjustable rate loan. Deutsche Bank mortgage rates are competitive, so you can be assured that you are getting a good rate. This article will provide useful and up-to-date mortgage information.

Deutsche Bank Current Mortgage Rates

Deutsche Bank can help you find a loan that you can afford. You can find the current Deutsche Bank mortgage rates below, in detail.

Type of Mortgage Rate Interest Rate APR(Annual Percentage Rate) Estimated Monthly Payment
30-year fixed 4.12% 4.19% $1210.90
20-year fixed 4.12% 4.20% $1530.81
15-year fixed 3.25% 3.36% $1756.67
7/1 ARM 3.87% 3.99% $1605.11
5/1 ARM 3.87% 4.01% $1659.46

***Mortgage rates can change frequently, so make sure you check the website for the latest information.

Deutsche Bank Mortgage Rates Additional Information

Deutsche Bank offers a fixed-rate loan; therefore, the rate will not change throughout the life of the loan. Adjustable mortgage rates are also available. With this option, you will have a rate for a certain period; then, it could increase or decrease depending on the mortgage rates trend. The bank offers 30-year mortgage rates, 20-year mortgage rates, 15-year mortgage rates, and 10-year mortgage rates. The shorter the life of the loan, the more money you will save.

Refinance mortgage rates are also available if you wish to save money or get a lower interest rate. If you need a larger loan, you can ask for the jumbo mortgage rates. The loan amount depends on age, income, assets, liabilities, and numerous other factors. You can easily apply online, or you can call a friendly customer service representative. An amortization schedule will break down your monthly payments of the loan.

It is also a good idea to use a mortgage rate calculator to determine how much you can afford on the home.

Bonus read – DCU Mortgage Rates

Monthly Mortgage Payment Example

Type of Mortgage Rate 30-year fixed rate 20-year fixed rate 15-year fixed rate
Mortgage Amount $250,000 $250,000 $250,000
Interest Rate 4.12% 4.12% 3.25%
APR (Annual Percentage Rate) 4.19% 4.20% 3.36%
Number of Payments 360 240 180
Average Monthly Payment $1210.90 $1530.81 $1756.67
Total Amount of Interest $185,923.35 $117,393.30 $66,200.95
Total Amount Paid $435,923.35 $367,393.30 $316,200.95

***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.

Conclusion

Deutsche mortgage rates will give you the opportunity to own a new home. The customer service is excellent, and the bank will provide you the best mortgage experience possible.