TD Bank has a long history of helping customers achieve their financial goals. It was founded in Maine is 1852. For 150 years, it has expanded and become a leader in banking. The company offers excellent customer service and offers service to people all over the country. They are open weekends and have longer hours than most other banks. The bank provides more than 1,000 locations on the eastern coast of the country. TD Bank provides mortgage options to people looking to purchase a home. TD mortgage rates are the lowest available. This article will provide up-to-date and current information about the mortgages that TD Bank offers.

Bonus read – Citizens Bank Mortgage Rates

TD Bank Current Mortgage Rates

You will want to check out the current TD mortgage rates, so you will know which loan option you prefer. The chart below can give you an idea about the rates from the company.

Type of Mortgage Rate Interest Rate APR (Annual Percentage Rate) (Annual Percentage Rate) Estimated Monthly Payment
30-year fixed 3.875% 4.208% $1134.91
15-year fixed 3.125% 3.495% $1606.75
1/1 ARM 2.50% 4.325% $984.64
3/1 ARM 2.625% 4.120% $999.33
5/1 ARM 2.750% 3.930% $995.42
7/1 ARM 2.875% 3.845% $1010.39
10/1 ARM 3.00% 3.754% $1025.49

***The rates can change daily, so it is important that you check the website for the most current information.

TD Mortgage Rates Additional Information

A 30-year fixed rate is the most popular type of mortgage loan. You also have the option of a 20-mortgage rate, 15-year mortgage rate, or a 10-year mortgage rate. With fixed home mortgage rates, your rate will not change throughout the life of the loan. You will always know what your monthly payment amount will be. This type of loan is easier to budget.
Some people prefer adjustable-rate mortgages. Adjustable mortgage rates will be lower at first. They could then increase depending on the market trends. This might be a better option if you do not plan on staying in the residence very long.

You can use a mortgage rates calculator to determine your mortgage payments. Also, you can find a mortgage calculator on their official website. You can also look at the refinance mortgage rates to see if it would be beneficial to refinance your home.

If you want a lower interest rate, you can purchase mortgage rates. This can save you money over the course of the loan. Jumbo mortgage rates are also available if you need a loan larger than the loan limits.

You can get pre-qualified for a loan on the TD Bank website. It is a good idea to know your expenses that you pay each month, and know your credit score. A higher credit score will mean better rates. You should gather all of the documents that you will need, and review the mortgage rates. To get pre-qualified, call a representative from TD Bank who will guide you through the process. If approved, you will know your maximum loan amount.

Monthly Mortgage Payment Example

Type of Mortgage Rate 30-year fixed rate 20-year fixed rate 15-year fixed rate
Mortgage Amount $300,000 $300,000 $300,000
Interest Rate 3.875% 3.615% 3.125%
APR (Annual Percentage Rate) 4.208% 3.724% 3.495%
Number of Payments 360 240 180
Average Monthly Payment $1722.35 $2069.38 $2401.60
Total Amount of Interest $207,547.22 $121,652.22 $76,038.52
Total Amount Paid $620,047.22 $496,652.22 $432,288.52

***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.

TD mortgage rates can offer you the opportunity to own your dream home. If you are interested in a loan, call a mortgage representative today, so they can help you know your options.