Rate change simulator

Turn on JavaScript to change the numbers.

If the rate moves +0.25%$1,896

+$48 a month, +$571 a year, compared with $1,849 at today's 6.75%.

The payment as the rate moves

Rate change before you lock+0.25% · 7%

−1%+1%

Press or drag the chart to try a change.

Rates move with the market every day. This shows what a change would do, not where rates are headed. A lock holds your rate for a set number of days while the loan closes; once you lock, a move like this no longer changes your payment.

Every quarter point

Change	Rate	Principal and interest	Per month	Per year
−1%	5.75%	$1,663	−$185	−$2,224
−0.75%	6%	$1,709	−$140	−$1,677
−0.5%	6.25%	$1,755	−$94	−$1,125
−0.25%	6.5%	$1,801	−$47	−$565
No change	6.75%	$1,849	—	—
+0.25%	7%	$1,896	+$48	+$571
+0.5%	7.25%	$1,944	+$96	+$1,148
+0.75%	7.5%	$1,993	+$144	+$1,731
+1%	7.75%	$2,042	+$193	+$2,319

Principal and interest on a 30-year fixed loan. Taxes, insurance, points and costs stay as they are.

Rates move with the market every day. See what a move before you lock would do to the payment.

How this tool works

Mortgage rates tend to follow the bond market and can change every day, sometimes more than once. Economic news stronger than markets expected tends to push rates up and weaker news tends to pull them down, but other news moves them both ways, and no one predicts them reliably. Waiting for a better rate is a bet; locking when the numbers work is a decision. A lock holds your rate for a set number of days, as long as you close by then and your application does not change.

To read more, see locking your rate.

Learn more

Locking your rate

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