See your full monthly house payment: principal, interest, property taxes, home insurance, PMI, and HOA dues. The rate starts at the latest national average so you have a fair starting point. Change any number.
Starting rate: the national average 30-year fixed rate was 7.24% (15-year: 6.60%), from Freddie Mac's Primary Mortgage Market Survey, as of October 29, 2026. This is a national average, not Heathrow Mortgage's quoted rate. Change it to your rate.
The average above is just a starting point. It is not my rate quote. Your real rate depends on your credit, down payment, loan type, and the home. Call me or start an application to get your actual rate.
The loan amount is the price minus your down payment. Principal and interest come from the standard loan formula for a fixed rate. Taxes and insurance are split into 12 monthly pieces. PMI is added only when you put down less than 20%. It is figured as a yearly percent of the loan, split by 12.
Your real PMI depends on your credit score and down payment. FHA and VA loans have their own fees instead of PMI. HOA dues are added as you type them.
The starting rate is the national average from Freddie Mac's weekly Primary Mortgage Market Survey (PMMS), for the date shown above. It is an average of rates across the country, not a rate from Heathrow Mortgage and not a quote for you.
A $400,000 home with 10% down is a $360,000 loan. At 7.24% for 30 years, principal and interest is $2,453.39 a month. Add $3,000 a year in taxes ($250 a month), $1,800 a year in insurance ($150 a month), and PMI at 0.5% a year ($150 a month). The total is about $3,003.39 a month.
Most payments have principal (paying down the loan), interest, property taxes, and home insurance. Some also have PMI and HOA dues. People call this PITI.
No. It is the national average from Freddie Mac for the date shown. Your rate depends on your credit, down payment, loan type, and more. Call (615) 495-6594 to get your actual rate.
On a conventional loan, PMI is usually required when you put down less than 20%. It can often be removed later, once you have enough equity.
A bigger down payment, a lower rate, a less expensive home, or putting 20% down to skip PMI can all help. A 30-year loan has a lower payment than a 15-year loan, but you pay more interest over time.
Freddie Mac posts a new national average every Thursday. We update this page with the newest average and show the date it is from.
Estimates only. This is not a loan offer. These results use simple math and the numbers you type in. They are not a pre-approval, a rate quote, or a promise to lend. Your real rate, payment, and costs depend on your credit, income, home, loan type, and other things. Not all applicants will qualify. The starting rate is a national average from Freddie Mac, not a rate offered by Heathrow Mortgage. Travis Jost, Mortgage Loan Originator, NMLS #2191646. Heathrow Mortgage, NMLS #1849599. Equal Housing Lender.
