Fifth Third Bank 30 Year Mortgage Rate 4.625% APR

Fifth Third Bank is offering a 30-year mortgage with an annual percentage rate (APR) of 4.625 percent and an annual percentage yield of (APY) 4.714 percent.

The quote we received for this rate was a 30 year conforming loan of $400,000 with .75 points (discount points) with a 20 percent down payment in the Miami Florida area. Rates will vary depending on the dollar amount of the loan, your credit score and the state you live in.

We also received the the following mortgage quotes based on a mortgage of $400,000 in the Chicago Illinois area.

Loan Term
Show Advertiser Disclosure
Lender
APR / Rate
Fees / Points
Payment
Pure Rate Mortgage
NMLS #2578474
5.389%
15-Year Fixed
5.250%
$3,650
Includes 0.650 points for $2,600
Lender Fees: $1,050
$3,216 /mo
Next >
Tomo Mortgage, LLC.
NMLS #2059741
5.510%
15-Year Fixed
5.375%
$3,520
Includes 0.880 points for $3,520
Lender Fees: $0
$3,242 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.632%
15-Year Fixed
5.490%
$3,688
Includes 0.747 points for $2,988
Lender Fees: $700
$3,267 /mo
Next >
New American Funding, LLC.
NMLS #6606
5.767%
15-Year Fixed
5.625%
$3,696
Includes 0.924 points for $3,696
Lender Fees: $0
$3,295 /mo
Next >
Pure Rate Mortgage
NMLS #2578474
6.360%
30-Year Fixed
6.250%
$4,650
Includes 0.900 points for $3,600
Lender Fees: $1,050
$2,463 /mo
Next >
Tomo Mortgage, LLC.
NMLS #2059741
6.548%
30-Year Fixed
6.490%
$2,412
Includes 0.603 points for $2,412
Lender Fees: $0
$2,526 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.597%
30-Year Fixed
6.490%
$4,460
Includes 0.940 points for $3,760
Lender Fees: $700
$2,526 /mo
Next >
PenFed Credit Union
NMLS #401822
6.758%
30-Year Fixed
6.625%
$5,495
Includes 0.875 points for $3,500
Lender Fees: $1,995
$2,562 /mo
Next >
New American Funding, LLC.
NMLS #6606
6.823%
30-Year Fixed
6.740%
$3,392
Includes 0.848 points for $3,392
Lender Fees: $0
$2,592 /mo
Next >
PenFed Credit Union
NMLS #401822
7.764%
15-Year Fixed
7.500%
$6,500
Includes 0.625 points for $2,500
Lender Fees: $4,000
$3,709 /mo
Next >
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.

Fixed 30 Year
RatePointsAPRMonthsPayment
4.625%0.7504.710%1-360$2,056.56
4.750%0.3754.802%1-360$2,086.59
4.875%0.0004.895%1-360$2,116.83
Fixed 15 Year
RatePointsAPRMonthsPayment
4.500%0.7504.647%1-180$3,059.97
4.625%0.3754.716%1-180$3,085.59
4.750%0.0004.784%1-180$3,111.33
Adjustable 5/1
RatePointsAPRMonthsPayment
4.875%0.7504.564%1-60$2,116.83
61-360$1,986.33
5.000%0.3754.578%1-60$2,147.29
61-360$1,989.88
5.125%0.0004.592%1-60$2,177.95
61-360$1,993.39
Adjustable 3/1
RatePointsAPRMonthsPayment
5.000%0.6254.498%1-36$2,147.29
37-360$1,980.71
5.125%0.3754.506%1-36$2,177.95
37-360$1,982.75
5.250%0.0004.503%1-36$2,208.81
37-360$1,984.76

As you can see, rates on a 30 year mortgage are comparable with rates of 15 year mortgages and the adjustable rate mortgages (ARMs). Though your monthly payments on the 30 year loan would be cheaper for the first five years than the adjustable rate loans. We didn't receive quotes for interest only mortgages or jumbo 30 year fixed mortgages in the two areas we targeted.

Banks in general are a lot less likely to offer interest only loans these days. Some banks and lending institutions are also not offering jumbo loans, if they are rates are considerably higher.

You can browse our mortgage rate tables and use our mortgage calculator to figure out which mortgage product best fits your needs and budget.

 
Author: Brian McKay
April 8th, 2009

Explore Other Mortgage and Refinance Offers

30 Year Mortgage Rates Near Low for 2014: Average 30 Year Rate at 4.09 Percent Amerisave 30-year Mortgage Rate 4.00% Freddie Says Mortgage Rates Remain Low Mortgage Rates: 30 Year Mortgage Rates & 15 Year Mortgage Rates Make New Lows 30 Year Mortgage Rates Down 0.12% on China Stock Market Fears Mortgage Rates 9/28: 30 Year Mortgage Rates at 4.12%, 15 Year Mortgage Rates at 3.36% Refinance Rates: Current Refinance Rates on 15 Year Home Loans at 3.34% Bank of Oak Ridge Mortgage Rates Mortgage Rates Increase as Mortgage Applications Hit Highest Level Since 2009 Mortgage Rates Drift Lower as Interest Rates Head Down