Current Mortgage Rates for a 400k Home

What are the current mortgage rates for a 400,000 House?
30-Year Average

6.94%

15-Year Average

6.24%

Rates are from Freddie Mac's weekly survey of mortgage lenders across the US (updated: 5/23/2024). 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 $400000 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 6.24% (15 Years) 6.94% (30 Years)
400k 20,000 380,000 3,256.14 2,512.86
400k 40,000 360,000 3,084.76 2,380.60
400k 60,000 340,000 2,913.39 2,248.34
400k 80,000 320,000 2,742.01 2,116.09
400k 100,000 300,000 2,570.63 1,983.83
400k 120,000 280,000 2,399.26 1,851.58
Monthly Payment Table for a $400,000 Mortgage
Rate 15 Year Mortgage Monthly 15 Year Mortgage Total 30 Year Mortgage Monthly 30 Year Mortgage Total
2% 2,574.03 463,326.26 1,478.48 532,252.04
2.5% 2,667.16 480,088.23 1,580.48 568,974.09
3% 2,762.33 497,218.78 1,686.42 607,109.81
3.5% 2,859.53 514,715.43 1,796.18 646,624.35
4% 2,958.75 532,575.31 1,909.66 687,478.03
4.5% 3,059.97 550,795.17 2,026.74 729,626.85
5% 3,163.17 569,371.41 2,147.29 773,023.14
5.5% 3,268.33 588,300.09 2,271.16 817,616.16
6% 3,375.43 607,576.92 2,398.20 863,352.76
6.5% 3,484.43 627,197.30 2,528.27 910,177.95
7% 3,595.31 647,156.36 2,661.21 958,035.59
7.5% 3,708.05 667,448.90 2,796.86 1,006,868.89
8% 3,822.61 688,069.50 2,935.06 1,056,620.99