Mortgage Interest Rate & Payment Estimate

State Farm Bank® Home Mortgage Interest Rates & Payment Estimator
We need a few details in order to estimate rates and a monthly payment for you.

Refinance limited cash out:This option should be selected if you are wanting to pay off
an existing first mortgage with no additional cash out for purposes other than:
1)paying an existing second mortgage that was also used to purchase the home;
2)closing costs (including all prepaid items and points) or
3)the lesser of $2,000 or 2% of the amount of the new refinance mortgage.

Refinance cash out:This option should be selected if you want to pay off an existing mortgage
by obtaining a new first mortgage that is secured by the same property (or enables you to obtain a
mortgage on a property that does not already have a mortgage lien against it). You would be able
to take out as much of the equity as you have in property and use the proceeds for any purpose
subject to Loan-to-Value and Combined-Loan-to-Value guidelines.

This estimation is intended for a 1 unit, owner-occupied property only. For rates on other property types, please contact your participating State Farm Agent.

Cash Out Refinances are not available in the State of Texas.

Purchases - Please enter the sales price from the purchase agreement or sales contract. If a property has not been identified, enter the anticipated purchase price.
Refinances - Please enter the estimated market value based on what comparable properties in close proximity have been selling for in the last 6 months.

Loan to Value is calculated by using the lesser of the purchase price or the appraised value compared to the loan amount. A Loan to Value greater than 80% requires Private Mortgage Insurance (PMI). This will increase the monthly payment and the Annual Percentage Rate (APR).

This rate estimation is based on the borrowers' opinion of their credit score. Verification of the true median credit score may result in a higher or lower interest rate. At the time of application, the interest rate will be calculated based on the lower of the applicants' credit scores.

Type of loan:

30 year fixed

15 year fixed

Reason for loan?

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What is the type of the residence?

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State where residence is located:

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Estimated value of the residence:

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Amount you would like to borrow:

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Estimate your credit score:

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For a 30 Year Fixed Mortgage

As you enter or change the details on the left, we will display our rates here.

Disclaimers & Assumptions

Underwriting Standards

How to apply

Mortgage Calculators

Mortgage monthly payments

Should I buy or rent?

Refinance

Should I pay points?

Amortization

Extra payment savings

How much can I afford?

State Farm Bank® Lender

Equal Housing Lender FDIC

Member FDIC

This rate estimate is not intended to be a legal disclosure or a Rate Lock Agreement. It does not constitute a commitment to lend and is not an indication of loan approval; credit is subject to approval. It is the best estimate based on the inputs provided. The products used in this estimate may have additional restrictions which would eliminate the availability of this estimated rate. (i.e. Number of Units, Maximum Loan to Value Limitations, Affordable Housing Property Restrictions, Affordable Housing Product Income Limits, Loan Amount Limits, etc.) This estimation is intended for a 1 unit, owner-occupied property only. For rates on other property types or loan terms, please contact your participating State Farm Agent or by contacting the Bank at 1-877-SF4-BANK (1-877-734-2265). This rate estimation is based on the borrowers' opinion of their credit score. Verification of the true median credit score may result in a higher or lower interest rate. At time of application, the interest rate will be calculated based on the lower of the applicants' credit scores. Closing costs are not included in this estimation. You can use an estimation of 1% of the purchase price/estimated value. Closing costs include fees paid to third parties and prepaid expenses. Rates are based on a 60 day lock and verification of income and assets. A down payment of less than 20% requires Private Mortgage Insurance (PMI). This will increase the monthly payment and the Annual Percentage Rate (APR) as mortgage insurance payments are not included in the payment and APR shown on the Mortgage Interest Rate and Payment Estimator.