New American Funding is a family business, and they help thousands of Americans each year own a new home. They dedicate themselves to customer service and giving customers a great mortgage experience. They offer fixed rate mortgages or adjustable rate mortgages. This article will provide the latest information regarding New American Funding mortgage rates.

New American Funding Current Mortgage Rates

New American Funding is committed to finding a way to get you the lowest interest rate. You can get a rate quote from New American Funding online.

Type of Mortgage Rate Interest Rate APR (Annual Percentage Rate) Estimated Monthly Payment
30-year fixed 4.12% 4.21% $1224.00
20-year fixed 3.87% 3.99% $1513.63
15-year fixed 3.37% 3.53% $1790.89
7/1 ARM 3.75% 3.94% $1184.91
5/1 ARM 3.75% 3.96% $1187.78
3/1 ARM 4.12% 4.08% $1205.10

***Mortgage rates can change at any time, so it is important to check back for the latest information about rates.

Bonus read – First Internet Bank Mortgage Rates

New American Funding Mortgage Rates Additional Information

With New American Funding, you can purchase a new home or refinance an existing home. Refinance mortgage rates are available if you wish to lower your monthly payment, shorten the life of the loan, or lower your interest rate. You can also receive a jumbo loan if you need a larger loan.

You can get an FHA loan, conventional loan, or VA loan. A loan representative will help find the best loan for you. The higher your credit score, the better interest rate you will receive.

If you plan to stay in the home for an extended period and you get a low rate, you might wish to obtain a fixed-rate mortgage. With this option, your rate will not increase or decrease throughout the life of the loan. Your monthly payment amount will stay the same.

If you plan to stay in the home temporarily, you might wish to apply for an adjustable rate loan. With this option, your rate could increase if the mortgage rate trend change.

You can find a mortgage calculator on their website. You will want to use this to determine how much you can pay for the home.

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% 3.87% 3.37%
APR (Annual Percentage Rate) 4.21% 3.99% 3.53%
Number of Payments 360 240 180
Average Monthly Payment $1224 $1513.63 $1790.89
Total Amount of Interest $190,640.91 $113,272.12 $72,360.51
Total Amount Paid $440,640.91 $363,272.12 $322,272.12

***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.

New American Funding is a company that you can trust with your loan. You can find low New American Funding mortgage rates, and you can have the privilege of owning your brand new home.