Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in allstates for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, homeequity and credit products are offered through U.S. Bank National Association. Deposit products are offered throughU.S. Bank National Association. Member FDIC. 
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Calculators are provided by Leadfusion. This calculator is being provided for educational purposes only.The results are estimates that are based on information you provided and may not reflect U.S. Bank product terms. Theinformation cannot be used by U.S. Bank to determine a customer's eligibility for a specific product or service. Allfinancial calculators are provided by the third-party Leadfusion and are not associated, controlled by or under thecontrol of U.S. Bank, its affiliates or subsidiaries. U.S. Bank is not responsible for the content, results, or theaccuracy of information.
1. The rates above assume you have a down payment, or equity, of at least 25% fora conventional fixed-rate loan, an adjustable-rate mortgage (ARM) loan or a jumbo loan, at least 3.5% for an FHA loanand 0% for a VA loan.
Conforming fixed-rate estimated monthly payment and APR example: A$464,000 loan amount with a 30-year term at an interest rate of 6.5% with a down-payment, or borrower equity of 25%and no discount points purchased would result in an estimated principal and interest monthly payment of $2,933 overthe full term of the loan with an Annual Percentage Rate (APR) of 6.667%.
Estimated monthly payment and APR calculation are based on a down-payment, or borrower equity of 25% andborrower-paid finance charges of 0.862% of the base loan amount. If the down payment, or borrower equity is less than20%, mortgage insurance may be required, which could increase the monthly payment and the APR. Estimated monthlypayment does not include amounts for taxes and insurance premiums and the actual payment obligation will be greater.
ARM estimated monthly payment and APR example: A $464,000 loanamount with a 30-year term at an interest rate of 5.5% with a down payment, or borrower equity of 25% and no discountpoints purchased would result in an initial estimated monthly payment of $2,635 with an Annual Percentage Rate (APR)of 6.345%.
Estimated monthly payment and APR calculation are based a fixed-rate period of 5 years that could changein interest rate each subsequent year for the next 25 years of the loan term, a down-payment, or borrower equity of25% and borrower-paid finance charges of 0.862% of the base loan amount, plus origination fees if applicable. Afterthe 5-year introductory period: the APR is variable and is based uponan index plus a margin. The APR will varywith a predetermined index as published in the Wall Street Journal. If the down payment, or borrower equity is lessthan 20%, mortgage insurance may be required, which could increase the monthly payment and the APR. Estimated monthlypayment does not include amounts for taxes and insurance premiums. Adjustable-rate loans and rates are subject tochange during the loan term. That change can increase or decrease your monthly payment.
FHA estimated monthly payment and APR example: A $265,375 base loan amount with a30-year term at an interest rate of 6.250% with a down payment, or borrower equity of 3.5% and no discount pointspurchased would result in an estimated principal and interest monthly payment of $1,663 over the full term of the loanwith an Annual Percentage Rate (APR) of 7.478%.
Estimated monthly payment and APR calculation are based on a down payment, or borrower equity of 3.5%and borrower-paid finance charges of 0.862% of the base loan amount. Estimated monthly payment and APR assumes thatthe upfront mortgage insurance premium of $4,644 is financed into the loan amount. The estimated monthly payment shownhere does not include the FHA-required monthly mortgage insurance premium, taxes and insurance premiums, and theactual payment obligation will be greater.
VA estimated monthly payment and APR example: A $264,000 base loan amount with a30-year term at an interest rate of 6.250% with no down payment, or borrower equity and no discount points purchasedwould result in an estimated monthly payment of $1,663 with an Annual Percentage Rate (APR) of 6.663%.
Estimated monthly payment and APR calculation are based on a down payment, or borrower equity of 0% andborrower-paid finance charges of 0.862% of the base loan amount, plus origination fees if applicable. Estimatedmonthly payment and APR assumes that the VA funding fee of $6,072 is financed into the loan amount. Estimated monthlypayment does not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater.
Jumbo estimated monthly payment and APR example: A $940,000 loan amount with a 30-yearterm at an interest rate of 5.625% with a down payment, or borrower equity of 25% and no discount points purchasedwould result in an estimated monthly payment of $5,411 with an Annual Percentage Rate (APR) of 5.784%.
Estimated monthly payment and APR calculation are based on a down payment, or borrower equity of 25% andborrower-paid finance charges of 0.862% of the base loan amount. If the down payment, or borrower equity is less than20%, mortgage insurance may be required, which could increase the monthly payment and the APR. Estimated monthlypayment does not include amounts for taxes and insurance premiums and the actualpaymentobligation will be greater. The rates shown above
Tolock a rate, you must submit an application to U.S. Bankand receive confirmation from a mortgage loan officer that your rate is locked. Application can be made bystartingit online or by meeting with a mortgage loan officer.
Minnesota properties: To guarantee a rate, you must receivewritten confirmation as required by Minnesota Statute 47.206. This statement of current loan terms and conditions isnot an offer to enter into an interest rate or discount point agreement. Any such offer may be made only pursuant tosubdivisions 3 and 4 of Minnesota Statutes Section 47.206.
Conforming Fixed-Rate Loans -APR calculation assumes a$464,000 loan with a down payment, or borrower equity of 25%and borrower-paid finance charges of 0.862% of theloan amount, plus origination fees if applicable. If the down payment, or borrower equity is less than 20%, mortgageinsurance may be required, which could increase the monthly payment and the APR. Conforming rates are for loan amountsnot exceeding $726,200 ($1,089,300 in AK and HI).
ARM Loans -Adjustable-rate loans and rates are subject tochange during the loan term. That change can increase or decrease your monthly payment. APR calculation assumes a$725,000 loan with a down payment, or borrower equity of 25% and borrower-paid finance charges of 0.862% of the loanamount, plus origination fees if applicable. If the down payment, or borrower equity is less than 20%, mortgageinsurance may be required, which could increase the monthly payment and the APR. Non-conforming rates are for loanamounts exceeding $726,200 ($1,089,300 in AK and HI).
Jumbo Loans - Annual Percentage Rate (APR) calculation assumes a$940,000 loan with a 20% down payment or borrower equity and borrower-paid finance charges of 0.862% of the loanamount, plus origination fees if applicable. If the down payment, borrower equity is less than 20%, mortgage insurancemay be required, which could increase the monthly payment and the APR. Jumbo rates are for loan amounts exceeding$726,200 ($1,089,300 in Alaska and Hawaii).
FHA Loans - Annual Percentage Rate (APR) calculation assumes a$270,019loan ($265,375base amount plus $4,644 upfront mortgage insurance premium) with a 3.5% downpayment, or borrower equity, monthly mortgage insurance premium of $191.30, and borrower-paid finance charges of0.862% of the base loan amount, plus origination fees if applicable.
VA Loans - Annual Percentage Rate (APR) calculation assumes a$270,072 loan ($264,000 base amount plus $6,072 VA Funding Fee for first time use) with no down payment, or borrowerequity and borrower-paid finance charges of 0.862% of the base loan amount, plus origination fees if applicable.
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