For the interest rate, you may either accept the default value or type in your own value. The default is based on the current 30-year fixed rate with one point. When you get to the results screen, there are options to over-ride some of the parameters and recalculate. This includes the minimum required down payment percentage and other parameters that are not user-specified on this first screen. This is a calculation tool, not an offer to lend.
Interest rates shown are for demonstration purposes only.
Actual market interest rates may vary. Other information about this calculator can be found at About Prequalification . Help Feedback Terms of Use and Privacy Policy . All rights reserved. Equal Housing Opportunity.