Select your Scenario
Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
See Safe Rate's top scoring lenders for Barrington
We rank active Barrington lenders across our 5 P's of mortgage shopping. No pay to play, independent rankings.
Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.810%APR 6.843% | 0 pts$0 | $4,326/moP&I $4,326 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.930%APR 6.696% | 0 pts$0 | $4,323/moP&I $4,014 · MI $309 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.854%APR 5.900% | 0 pts$0 | $3,912/moP&I $3,912 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.528%APR 6.560% | 0 pts$0 | $4,202/moP&I $4,202 · MI $0 | See details |
| Investment Property FixedConforming | 7.488%APR 7.526% | 0 pts$0 | $4,630/moP&I $4,630 · MI $0 | See details |
Personalize the rates on this page
Tell us your home budget and credit score to see exact payments and find your best-fit loan program instantly.
Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 5.854% | 5.900% | 0 pts ($0) | $5,542/mo | $108,919 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.855% | 5.902% | 0 pts ($0) | $6,928/mo | $152,331 |
Condo 10% Down | 10% | 720 credit score | 6.998% | 7.161% | 0 pts ($0) | $4,961/mo | $173,183 |
Conventional 10% Down | 10% | 720 credit score | 6.497% | 6.649% | 0 pts ($0) | $4,712/mo | $161,928 |
Conventional 20% Down | 20% | 740 credit score | 6.810% | 6.843% | 0 pts ($0) | $4,326/mo | $133,280 |
Conventional 5% Down | 5% | 700 credit score | 6.939% | 7.412% | 0 pts ($0) | $5,205/mo | $181,404 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.250% | 7.286% | 0 pts ($0) | $5,653/mo | $193,750 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $4,904/mo | $166,146 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.630% | 6.998% | 0 pts ($0) | $5,149/mo | $184,975 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.528% | 6.560% | 0 pts ($0) | $5,253/mo | $175,721 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $6,838/mo | $163,031 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.930% | 6.696% | 0 pts ($0) | $4,842/mo | $169,459 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $5,020/mo | $175,757 |
FHA Streamline Refi | 0% | 640 credit score | 6.042% | 6.810% | 0 pts ($0) | $5,078/mo | $178,442 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.912% | 7.152% | 0 pts ($0) | $5,191/mo | $187,848 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $5,184/mo | $101,501 |
Investment Property 25% Down | 25% | 740 credit score | 7.488% | 7.526% | 0 pts ($0) | $4,340/mo | $137,656 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $4,466/mo | $139,574 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $4,818/mo | $147,739 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.283% | 7.055% | 0 pts ($0) | $5,027/mo | $178,093 |
Second Home 10% Down | 10% | 720 credit score | 5.941% | 6.511% | 0 pts ($0) | $4,443/mo | $149,458 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $4,359/mo | $134,758 |
VA 0% Down | 0% | 700 credit score | 5.928% | 6.168% | 0 pts ($0) | $5,036/mo | $165,536 |
VA Cash-Out Refi | 0% | 640 credit score | 5.934% | 6.297% | 0 pts ($0) | $5,039/mo | $165,688 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.945% | 6.093% | 0 pts ($0) | $5,045/mo | $165,968 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $4,560/mo | $144,253 |
Frequently Asked Questions
What are today's mortgage rates in 02806, , RI across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 02806, , RI is 6.810% (with an estimated monthly payment of $3,788). Active program rates also include FHA 30-year fixed loans at 5.930% and VA 0%-down fixed loans at 5.928%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 02806, , RI?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 02806, , RI have fluctuated between a low of 6.430% and a high of 6.890%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 02806, , RI?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $828,640 in 02806, , RI, a standard 20%-down Conventional loan requires an upfront cash down payment of $165,728 but keeps your monthly payment lower at $3,788/mo (at 6.810% interest) with no monthly PMI. In comparison, an FHA loan requires only $29,002 (3.5% down) but has an estimated payment of $4,239/mo (at 5.930% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $799,638 falls comfortably within the local HUD FHA loan limit of $952,936 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 02806 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 02806 is $806,501. With a typical local home value of $828,640 in , a standard 20%-down mortgage requires a loan size of $662,912. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 02806, , RI impact estimated mortgage payments?
The median home value in 02806, , RI is estimated at $828,640. Buying a typical home here with a standard 20% down payment ($165,728) translates to an estimated starting monthly mortgage payment of $3,788 (principal and interest). Compared to the local area median household income of $166,227 ($13,852/mo), this basic housing payment represents approximately 27.3% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.