Current Mortgage Rates for a 404k Home

What are the current mortgage rates for a 404,000 House?
30-Year Average

6.89%

15-Year Average

6.17%

Rates are from Freddie Mac's weekly survey of mortgage lenders across the US (updated: 7/10/2024). 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 $404000 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 6.17% (15 Years) 6.89% (30 Years)
404k 20,200 383,800 3,274.08 2,525.14
404k 40,400 363,600 3,101.76 2,392.24
404k 60,600 343,400 2,929.44 2,259.34
404k 80,800 323,200 2,757.12 2,126.43
404k 101,000 303,000 2,584.80 1,993.53
404k 121,200 282,800 2,412.48 1,860.63
Monthly Payment Table for a $404,000 Mortgage
Rate 15 Year Mortgage Monthly 15 Year Mortgage Total 30 Year Mortgage Monthly 30 Year Mortgage Total
2% 2,599.78 467,959.53 1,493.26 537,574.56
2.5% 2,693.83 484,889.11 1,596.29 574,663.84
3% 2,789.95 502,190.97 1,703.28 613,180.91
3.5% 2,888.13 519,862.58 1,814.14 653,090.59
4% 2,988.34 537,901.06 1,928.76 694,352.81
4.5% 3,090.57 556,303.12 2,047.01 736,923.11
5% 3,194.81 575,065.13 2,168.76 780,753.37
5.5% 3,301.02 594,183.09 2,293.87 825,792.32
6% 3,409.18 613,652.69 2,422.18 871,986.28
6.5% 3,519.27 633,469.28 2,553.55 919,279.73
7% 3,631.27 653,627.92 2,687.82 967,615.95
7.5% 3,745.13 674,123.39 2,824.83 1,016,937.58
8% 3,860.83 694,950.20 2,964.41 1,067,187.20