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Home Price:$400,000
Down Payment:20%
Purpose:purchase
Term:30-Year
Current Free Rate
What is the Free Rate?
Also called the par rate, the Free Rate is the interest rate you qualify for with no upfront cost. No discount points, no fees to buy it down.
Lenders often advertise lower rates, but those rates typically require paying 1 to 3 percent of the loan upfront in points. The Free Rate is what you actually get for free.
6.091%
APR 6.190%
1 day↑ +0.063%
1 week↓ −0.250%
1 month↓ −0.375%
Estimated interest rate provided by Safe Rate Mortgage. Priced May 21, 2026.
Monthly cost to own
- Mortgage (P+I+PMI)
- $1,937/mo
- Taxes & insurance
- $583/mo
- Utilities
- $250/mo
- All-in total
- $2,771/mo
Interest rate history
Estimated interest rates are provided by Safe Rate Mortgage, NMLS #1590949, where we have access to historical data.
Loan details
- Home price
- $400,000
- Down payment
- 20% ($80,000)
- Purpose
- purchase
- Term
- 30-Year Fixed
- Credit score
- 720+
- Occupancy
- primary
- Property type
- Single Family
- Units
- 1
Monthly payment breakdown
- Principal + interest
- $1,937
- Property taxesEstimated
- $417
- Homeowners insuranceEstimated
- $167
- UtilitiesEstimated
- $250
Total
$2,771