Chase Bank 1 Year ARM Refinance Rate of 4.427%

JP Morgan Chase Bank is offering a 1-year adjustable-rate mortgage with an annual percentage yield of 4.427 percent. The mortgage quotes we received from Chase was for refinancing a loan of $400,000 on single family home in Florida. A primary residence with an estimated home value of $600,000. The credit history selected for this quote was "very good".

We also received the following mortgage quotes based on the assumptions listed above.

Fixed Rate Mortgages

Loan Term
Lender
APR / Rate
Fees / Points
Payment
Bison State Bank
NMLS #757416
5.887%
15-Year Fixed
5.750%
$3,536
Includes 0.884 points for $3,536
Lender Fees: $0
$3,322 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.913%
15-Year Fixed
5.750%
$4,204
Includes 0.876 points for $3,504
Lender Fees: $700
$3,322 /mo
New American Funding, LLC.
NMLS #6606
6.155%
15-Year Fixed
6.000%
$3,992
Includes 0.998 points for $3,992
Lender Fees: $0
$3,376 /mo
Rocket Mortgage
NMLS #3030
6.658%
15-Year Fixed
6.500%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,485 /mo
Bison State Bank
NMLS #757416
6.822%
30-Year Fixed
6.750%
$2,948
Includes 0.737 points for $2,948
Lender Fees: $0
$2,595 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.848%
30-Year Fixed
6.750%
$4,012
Includes 0.828 points for $3,312
Lender Fees: $700
$2,595 /mo
New American Funding, LLC.
NMLS #6606
6.965%
30-Year Fixed
6.875%
$3,664
Includes 0.916 points for $3,664
Lender Fees: $0
$2,628 /mo
Rocket Mortgage
NMLS #3030
7.350%
30-Year Fixed
7.250%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,729 /mo
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

  • 30-year fixed mortgage - 5.036% APR - 1.375 points
  • 30-year fixed mortgage - 4.872% APR - 2.375 points
  • 15-year fixed mortgage - 4.718% APR - 1.00 point
  • 15-year fixed mortgage - 4.619% APR - 2.00 points

Adjustable-Rate Mortgages

  • 5/1 Adjustable-rate mortgage - 4.75% APR - 1.125 points
  • 5/1 Adjustable-rate mortgage - 4.517% APR - 2.125 points
  • 7/1 Adjustable-rate mortgage - 4.881% APR - 2.125 points
  • 7/1 Adjustable-rate mortgage - 4.770% APR - 2.00 points
  • 1-year adjustable-rate mortgage - 4.427% APR - 1.00 point
  • 1-year adjustable-rate mortgage - 4.437% APR - 2.00 points

We didn't receive quotes for interest only mortgages. Chase bank has been more conservative with their loans these days. These rate quotes are as of April 12th, 2009. Quotes will vary by state, loan amount and credit history.

 
Author: Brian McKay
April 12th, 2009

Explore Other Mortgage and Refinance Offers