The interest rate on your VA loan is the cost you pay each year to borrow the money and does not reflect fees you may incur to get the loan. On the other hand, the APR on a VA loan is a broader reflection of borrowing costs, including the interest rate and fees associated with getting the mortgage.
Payments based on a loan amount of $390,049 and a 30-year fixed-rate mortgage loan. Your own interest rate and monthly payment will be different. Compare mortgage rate quotes from multiple lenders.
5y/6m ARM variable. 6.875%. 7.784%. 0.808. $1,314. About ARM rates. Refinance rates valid as of 04 Jan 2024 09:53 a.m. Eastern Standard Time and assume borrower has excellent credit (including a credit score of 740 or higher). Estimated monthly payments shown include principal, interest and (if applicable) any required mortgage insurance.
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