Current Mortgage Rates for a 230k Home

What are the current mortgage rates for a 230,000 House?
30-Year Average

6.88%

15-Year Average

6.16%

Rates are from Freddie Mac's weekly survey of mortgage lenders across the US (updated: 4/11/2024). Check with a lender to get a complete idea of the mortgage costs. Use the calculator below to estimate monthly payments.
Mortgage Summary
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To get the best rates, compare multiple quotes from local banks and online lenders. A small change in APR can have a big impact on your total costs for a $230000 mortgage.

Get mortgage quotes directly from lenders to confirm your APR. Fees, such as closing costs can vary by lender so it's important to get a few quotes.

Browse the chart below to see monthly and total payments based on interest rate for 15 and 30 year fixed mortgage loans.
Monthly Mortgage Payment Based on Current Rates
Price Down Payment Loan Amount 6.16% (15 Years) 6.88% (30 Years)
230k 11,500 218,500 1,862.77 1,436.12
230k 23,000 207,000 1,764.73 1,360.53
230k 34,500 195,500 1,666.69 1,284.95
230k 46,000 184,000 1,568.65 1,209.36
230k 57,500 172,500 1,470.61 1,133.78
230k 69,000 161,000 1,372.57 1,058.19
Monthly Payment Table for a $230,000 Mortgage
Rate 15 Year Mortgage Monthly 15 Year Mortgage Total 30 Year Mortgage Monthly 30 Year Mortgage Total
2% 1,480.07 266,412.60 850.12 306,044.92
2.5% 1,533.62 276,050.73 908.78 327,160.10
3% 1,588.34 285,900.80 969.69 349,088.14
3.5% 1,644.23 295,961.37 1,032.80 371,809.00
4% 1,701.28 306,230.80 1,098.06 395,299.86
4.5% 1,759.48 316,707.22 1,165.38 419,535.44
5% 1,818.83 327,388.56 1,234.69 444,488.30
5.5% 1,879.29 338,272.55 1,305.91 470,129.29
6% 1,940.87 349,356.73 1,378.97 496,427.83
6.5% 2,003.55 360,638.45 1,453.76 523,352.32
7% 2,067.31 372,114.90 1,530.20 550,870.47
7.5% 2,132.13 383,783.12 1,608.19 578,949.61
8% 2,198.00 395,639.96 1,687.66 607,557.07