First Republic Bank was established in 1985. The company takes much pride in the services offered. You can get a loan, and First Republic mortgage rates are some of the lowest available. Getting a mortgage loan can be stressful at times, and First Republic will walk you through each step of the way. A representative will help you decide if a fixed rate or an adjustable rate loan is best for you. This article will provide the latest and up-to-date information about mortgage loans.

First Republic Current Mortgage Rates

When getting a mortgage, it is important to obtain a low rate, so you will save money. You can find their current mortgage rates on First Republic’s website. You will first have to choose which type of residential loan you want.

Type of Mortgage Rate Interest Rate APR (Annual Percentage Rate) Estimated Monthly Payment
30-year fixed 4.12% 4.20% $1222.54
20-year fixed 4.00% 4.10% $1528.16
15-year fixed 3.25% 3.38% $1772.51
10-year fixed 3.62% 3.80% $2507.43
7/1 ARM 4.00% 4.06% $1202.20
5/1 ARM 3.87% 4.02% $1196.42
3/1 ARM 4.25% 4.12% $1210.90

***Mortgage rates can change frequently, so it is wise to check the website for the latest rates.

First Republic Mortgage Rates Additional Information

First Republic provides fixed rate and adjustable rate mortgages. With a fixed rate loan, the interest rate stays the same for the life of the loan. Your loan payment will not change. With the changing rates, this loan offers some predictability, so it will be easier to budget.

With an adjustable rate loan, the rate can change throughout the loan, depending on the mortgage rates trend. You will start out with a lower interest rate, and then the rate will be adjusted. Your monthly payment amount will be unknown, so these loans have a sense of uncertainty.

You can also refinance your existing loan. By refinancing, you can save money on interest, or you can shorten the life of the loan. If you want to lower your monthly payment amount, you can increase the life of the loan.

If you need a larger loan, you can apply for a jumbo loan. Jumbo mortgage rates allow you to finance a larger purchase. To obtain these loans, you need excellent credit.

Before you obtain a mortgage, you need to make sure you can make the monthly payments. It is a very good idea to use a mortgage calculator.

Bonus read – East West Bank 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% 4.00% 3.25%
APR (Annual Percentage Rate) 4.20% 4.10%

3.38%

Number of Payments

360 240 180
Average Monthly Payment $1222.54 $1528.16

$1772.51

Total Amount of Interest

$190,115.46 $116,757.56 $69,051.87
Total Amount Paid $440,115.46 $366,757.56

$319,051.87

***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

If you need a mortgage, look at the First Republic mortgage rates. The company offers excellent customer service, so you will be confident that you will have the best loan possible.