Current as of July 6, 2018
Savings calculation is based on a comparable interest rate, mortgage product, loan term, lender fees and points. The savings calculation takes into account one-time lender costs fees and points, savings over the life of the loan, or both.
Lender costs, fees, and points are derived from the published APR and compared with various bank and non-bank mortgage lenders including but not limited to: JP Morgan Chase & Co., Bank of America, Citimortgage, Inc., Wells Fargo Bank, Quicken Loans and Loan Depot. Only one lender is used for comparison purposes. Lender chosen may not be the most favorable lender.