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
District Lending
NMLS #1835285
4.919%
15-Year Fixed
4.750%
$4,500
Includes 0.625 points for $2,500
Lender Fees: $2,000
$3,112 /mo
iheartloan
NMLS #2562839
4.942%
15-Year Fixed
4.750%
$5,125
Includes 1.000 points for $4,000
Lender Fees: $1,125
$3,112 /mo
Bison State Bank
NMLS #757416
5.226%
15-Year Fixed
5.125%
$2,672
Includes 0.668 points for $2,672
Lender Fees: $0
$3,190 /mo
Tomo Mortgage, LLC.
NMLS #2059741
5.231%
15-Year Fixed
5.125%
$2,792
Includes 0.698 points for $2,792
Lender Fees: $0
$3,190 /mo
Zoom Loans
NMLS #1312186
5.365%
15-Year Fixed
5.250%
$3,000
Includes 0.750 points for $3,000
Lender Fees: $0
$3,216 /mo
New American Funding, LLC.
NMLS #6606
5.382%
15-Year Fixed
5.240%
$3,732
Includes 0.933 points for $3,732
Lender Fees: $0
$3,214 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.503%
15-Year Fixed
5.375%
$3,348
Includes 0.662 points for $2,648
Lender Fees: $700
$3,242 /mo
District Lending
NMLS #1835285
5.625%
5-Year ARM
5.500%
$5,524
Includes 0.881 points for $3,524
Lender Fees: $2,000
$2,272 /mo
iheartloan
NMLS #2562839
5.739%
5-Year ARM
5.625%
$4,997
Includes 0.968 points for $3,872
Lender Fees: $1,125
$2,303 /mo
Zoom Loans
NMLS #1312186
5.831%
5-Year ARM
5.750%
$3,532
Includes 0.883 points for $3,532
Lender Fees: $0
$2,335 /mo
District Lending
NMLS #1835285
5.842%
30-Year Fixed
5.750%
$4,000
Includes 0.500 points for $2,000
Lender Fees: $2,000
$2,335 /mo
iheartloan
NMLS #2562839
5.856%
30-Year Fixed
5.750%
$4,625
Includes 0.875 points for $3,500
Lender Fees: $1,125
$2,335 /mo
Bison State Bank
NMLS #757416
5.961%
30-Year Fixed
5.875%
$3,724
Includes 0.931 points for $3,724
Lender Fees: $0
$2,367 /mo
Tomo Mortgage, LLC.
NMLS #2059741
6.034%
30-Year Fixed
5.990%
$1,876
Includes 0.469 points for $1,876
Lender Fees: $0
$2,396 /mo
Zoom Loans
NMLS #1312186
6.093%
30-Year Fixed
6.000%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,399 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.200%
30-Year Fixed
6.125%
$3,196
Includes 0.624 points for $2,496
Lender Fees: $700
$2,431 /mo
New American Funding, LLC.
NMLS #6606
6.343%
30-Year Fixed
6.250%
$3,944
Includes 0.986 points for $3,944
Lender Fees: $0
$2,463 /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

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