Fifth Third Bank 30 Year Mortgage Rate 4.625% APR

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fifth-third-bank-30-year-mortgage-rate-of-46251Fifth Third Bank is offering a 30 year mortgage with an annual percentage rate (APR) of 4.625 percent and an annual percentage yield of (APY) 4.714 percent.

The quote we received for this rate was a 30 year conforming loan of $400,000 with .75 points (discount points) with a 20 percent down payment in the Miami Florida area. Rates will vary depending on the dollar amount of the loan, your credit score and the state you live in.
Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
in 95816, 2, 740    Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
PERIOD_FIXED_30YEARS Mortgage Loan from Figure Lending LLC
Figure Lending LLC
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112447.gif
300000
Purchase
3.304%
3.125%
USD
Figure Lending LLC Logo
NMLS # 1717824
12/16/2019
at 1.250 pts
45 day lock rate
Est payment: $1,286
Fees in APR: $6,846
Put your money where you need it sooner.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
4.072%
3.875%
USD
Rocket Mortgage Logo
NMLS # 3030
12/16/2019
at 2.000 pts
45 day lock rate
Est payment: $1,411
Fees in APR: $7,250
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.325%
4.125%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
12/16/2019
at 2.000 pts
45 day lock rate
Est payment: $1,454
Fees in APR: $7,250
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
4.072%
3.875%
USD
Rocket Mortgage Logo
NMLS # 3030
12/16/2019
at 2.000 pts
45 day lock rate
Est payment: $1,411
Fees in APR: $7,250
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.325%
4.125%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
12/16/2019
at 2.000 pts
45 day lock rate
Est payment: $1,454
Fees in APR: $7,250
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Figure Lending LLC
Figure Lending LLC
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112447.gif
300000
Purchase
3.304%
3.125%
USD
Figure Lending LLC Logo
NMLS # 1717824
12/16/2019
at 1.250 pts
45 day lock rate
Est payment: $1,286
Fees in APR: $6,846
Put your money where you need it sooner.
 

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.






We also received the the following mortgage quotes based on a mortgage of $400,000 in the Chicago Illinois area.









































































































































































Fixed 30 Year
Rate Points APR Months Payment
4.625% 0.750 4.710% 1-360 $2,056.56
4.750% 0.375 4.802% 1-360 $2,086.59
4.875% 0.000 4.895% 1-360 $2,116.83
Fixed 15 Year
Rate Points APR Months Payment
4.500% 0.750 4.647% 1-180 $3,059.97
4.625% 0.375 4.716% 1-180 $3,085.59
4.750% 0.000 4.784% 1-180 $3,111.33
Adjustable 5/1
Rate Points APR Months Payment
4.875% 0.750 4.564% 1-60 $2,116.83
61-360 $1,986.33
5.000% 0.375 4.578% 1-60 $2,147.29
61-360 $1,989.88
5.125% 0.000 4.592% 1-60 $2,177.95
61-360 $1,993.39
Adjustable 3/1
Rate Points APR Months Payment
5.000% 0.625 4.498% 1-36 $2,147.29
37-360 $1,980.71
5.125% 0.375 4.506% 1-36 $2,177.95
37-360 $1,982.75
5.250% 0.000 4.503% 1-36 $2,208.81
37-360 $1,984.76

As you can see, rates on a 30 year mortgage are comparable with rates of 15 year mortgages and the adjustable rate mortgages (ARMs). Though your monthly payments on the 30 year loan would be cheaper for the first five years than the adjustable rate loans. We didn't receive quotes for interest only mortgages or jumbo 30 year fixed mortgages in the two areas we targeted.

Banks in general are a lot less likely to offer interest only loans these days. Some banks and lending institutions are also not offering jumbo loans, if they are rates are considerably higher.

You can browse our mortgage rate tables and use our mortgage calculator to figure out which mortgage product best fits your needs and budget.
 
Author: Brian McKay
April 8th, 2009