Published rates are a starting point — yours depends on credit, loan type, down payment, property details, and market timing. Below is our live best-tier scenario (780+ FICO · 70% LTV · rate-and-term refi · 0 discount points). Get your real estimate in 60 seconds.
| Product | Note rate | APR | Lender credit | Final cost / credit |
|---|---|---|---|---|
| 30Y Fixed | 6.500% | 6.607% | $1,557 | $856 cost |
| 20 Year Fixed | 6.250% | 6.384% | $1,960 | $453 cost |
| 15 Year Fixed | 5.875% | 6.033% | $2,363 | $50 cost |
| 30Y High Balance | 6.750% | 6.863% | $900 | $1,513 cost |
| 30Y Jumbo | 6.375% | 6.485% | $270 | $2,143 cost |
| 30 Year FHA | 6.125% | 6.237% | $936 | $1,477 cost |
| 30 Year VA | 6.000% | 6.114% | $734 | $1,679 cost |
| 5/6 ARM Conforming | 6.250% | 6.336% | $3,400 | $987 credit |
A lender credit is a rebate the lender pays at closing in exchange for accepting a slightly higher rate. The credit shows up as a negative line item on your Loan Estimate and reduces the cash you bring to the table. It can only be used to offset items the borrower is otherwise paying for at closing — it can't go to you in cash.
What it can't do: reduce your down payment, give you cash back, or pay off other debts. The simple read is: lender credit - estimated fees = final cost or credit, subject to the final lender disclosures.
Learn more — lender credit in depth → · Closing costs in California, line by line →
* APR disclosure: Rates and APRs shown reflect a 780+ FICO, 70% LTV rate-and-term refinance on an owner-occupied single-family home with a $806,500 loan amount (California's 2026 conforming loan limit), a 30-day rate lock, and 0 discount points. APR includes our 1.0% broker compensation plus $2,413 in estimated one-time closing fees (appraisal, title + escrow, recording, MERS, tax service). APR does NOT include prepaid interest or impound reserves — those are your own money seeded forward into your loan and escrow account, not a cost of the loan. The lender's flat underwriting fee has been removed via a small price-point adjustment baked into the rate. Your actual rate, APR, lender credit, and closing costs will vary by loan amount, credit score, LTV, property type, county, and lender. Not a commitment to lend; subject to underwriting and credit approval.
Four levers move the number you actually get. Worth understanding before you shop.
Credit score, payment history, and debt levels all move pricing. A 740 borrower and a 700 borrower can see a 0.25%+ gap on the same loan.
Loan amount, down payment, term length, property type, and occupancy each change the rate and APR — sometimes meaningfully.
Rates move with the bond market all day. A quote today may not be available tomorrow unless it's locked. Why →
The lowest rate isn't always the best loan. We compare costs, term, and structure against your actual plan — not just the headline number.