First Internet Bank was established in 1999 and offers services in all 50 states. The company offers low mortgage loans. You can obtain a fixed rate loan and an adjustable rate loan. This article will provide you with the latest information about First Internet Bank mortgage rates.

First Internet Bank Current Mortgage Rates

When purchasing a new home, it is essential to get the lowest rates possible. You can find the current First Internet Bank mortgage rates at their web center.

First Internet Bank will give you email alerts to check the current rates. You can get pre-approved for a loan, so you will know how much you can spend. You can also check the application status online. The staff at First Internet Bank offers excellent customer service, and they will walk you through every step of the way.

You can also buy points when you purchase a home. Buying points can lower your interest rates.

Type of Mortgage Rate Interest Rate APR (Annual Percentage Rate) Estimated Monthly Payment
30-year fixed 3.87% 4.01% $1194.98
20-year fixed 3.25% 3.50% $1449.90
15-year fixed 3.00% 3.11% $1739.71
10-year fixed 2.87% 3.01% $2915.17
7/1 ARM 3.12% 3.76% $1159.21
5/1 ARM 3.37% 3.91% $1180.60

***Mortgage rates can change without warning, so it is essential to check the website for the most up-to-date information.

First Internet Bank Mortgage Rates Additional Information

With First Internet Bank, you can easily apply online. A 30-year fixed rate is the most popular type of loan; however, the 30-year mortgage rates might be slightly higher. You also have the option of a 15-year or 10-year loan. If your mortgage life is shorter, your monthly payments will be higher.

You can also apply for an adjustable rate loan. With an ARM, your rate could go up or down depending on the market trends. Your payments will be lower at the first of the loan. They will then increase or decrease.

If you wish to refinance your home, refinance rates are available. You can refinance to get a lower interest rate or to shorten the life of the loan. You might wish to lower your monthly payments. If you need a larger loan, you can look at the jumbo mortgage rates.

A rate calculator can give you an idea of how much you can afford.

Bonus read – Alliant Credit Union 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 3.87% 3.25% 3.00%
APR (Annual Percentage Rate) 4.01% 3.50% 3.11%
Number of Payments 360 240 180
Average Monthly Payment $1194.98 $1449.90 $1739.71
Total Amount of Interest $180,192.79 $97,975.83 $63,147.95
Total Amount Paid $430,192.79 $347,975 $313,147.95

***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.

First Internet Bank mortgage rates are competitive, and they will help you purchase a new home. They will give you advice about your mortgage loan. If you need a loan, you can call them to get the ball rolling, or you can apply online.