Mortgage Calculator

What is a Mortgage?

A mortgage is a legal instrument that brings security to a lender when he or she passes money to a borrower. It's a lien on a real estate property used to secure repayment of the money borrowed to purchase a house.

The interest in property is transfered to the mortgage lender, who have the responsability to return this interest to the owner when the debt is totally paid. If a borrower fails to pay the loan, the lender has the right to take the property.

Mortgage Calculator

Mortgage Rates

Mortgage Type	Today	Last Week	Change
15 Year Fixed	4.471%	4.526%	-0.055%
30 Year Fixed	5.062%	5.106%	-0.044%
1 Year ARM	3.260%	3.219%	0.041%
3/1 Year ARM	3.390%	3.376%	0.014%
5/1 Year ARM	3.411%	3.420%	-0.009%