Wells Fargo
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Wells Fargo 15 Year Fixed Home Loan
| Rate | 2.625% |
| APR | 2.896% |
| Currency | USD |
The interest rate is based on the interest rate for the 15 year fixed home mortgage product and is not the FHA loan rate. The rate indicated is also based on a refinance of the primary residence of a single family with 1% to pay towards the loan origination charge. Assumptions for this particular rate as indicated on the Wells Fargo website include a 25% downpayment for a 200,000 loan amount with $4000 of prepaid finance charges that were estimated.
The rate of 2.625% is 2.63% higher than the average 0%. Also it is -2.625 % lower than the highest rate Updated Mar, 2022
The interest rate is based on the interest rate for the 15 year fixed home mortgage product and is not the FHA loan rate. The rate indicated is also based on a refinance of the primary residence of a single family with 1% to pay towards the loan origination charge. Assumptions for this particular rate as indicated on the Wells Fargo website include a 25% downpayment for a 200,000 loan amount with $4000 of prepaid finance charges that were estimated.
The rate of 2.625% is 2.63% higher than the average 0%. Also it is -2.625 % lower than the highest rate Updated Mar, 2022
Rate
2.625%
APR
2.896%
Currency
USD
Q: Why would the cost be for me to take a 15 year fixed rate instead of the 30 year mortgage rate that I have on $120,000 mortgage at 3.65