Rates
Mortgage rates move. Your quote should be built around your file.
MJ Financial does not post teaser rates. Real pricing depends on credit profile, loan amount, property type, occupancy, equity, points, lock period, market conditions, and verified application details.
Sample rate sheet
Mortgage Rate Sheet
Better rates. Smarter decisions.
More savings. Your way home.mjfinanciallending@outlook.com248-607-0662NMLS #1428774
| Interest rate APR sample | Monthly payment Principal & interest | Total interest paid over 30 years | Total paid over 30 years | Savings compared to 6.750% |
|---|---|---|---|---|
| 6.750%Higher rate | $1,947.13 | $400,966 | $700,966 | -Baseline |
| 6.250% | $1,847.46 | $365,885 | $665,885 | $35,081saved |
| 5.750% | $1,752.52 | $334,907 | $634,907 | $66,059saved |
| 5.250% | $1,662.30 | $305,623 | $605,623 | $95,343saved |
| 4.750% | $1,576.79 | $277,736 | $577,736 | $123,230saved |
Even a smaller rate can mean thousands in savings over the life of your loan.
See the impact of lower rates
On the same $300,000 loan, the monthly principal and interest payment can change meaningfully as the rate changes.
What can you do with the savings?
- At 6.250% about $99.67 per month
- At 5.750% about $194.61 per month
- At 5.250% about $284.83 per month
- At 4.750% about $370.34 per month
Our simple loan process
- Apply
- Review
- Approval
- Closing
- Your home
This rate sheet is for illustration only and is not a live rate quote, advertisement for currently available rates, loan estimate, approval, rate lock, or commitment to lend. APR means Annual Percentage Rate. Sample assumes a $300,000 loan amount, 30-year fixed conventional loan, principal-and-interest only, and no taxes, insurance, mortgage insurance, points, fees, or closing costs. Actual rates, APR, payments, costs, savings, terms, eligibility, and approval vary based on credit profile, property, occupancy, loan program, market conditions, underwriting, and applicable law.
What changes a mortgage rate?
Credit and qualifying profile
Credit score, payment history, debts, income, assets, reserves, and documentation can affect pricing and approval.
Loan purpose and property
Purchase, rate-term refinance, cash-out refinance, occupancy, property type, loan size, and down payment or equity all matter.
Points and lender credits
A rate may come with discount points, lender credits, or neither. Comparing APR, cash to close, and monthly payment helps make the tradeoff clearer.
Lock timing
Market rates can change daily. A rate is not locked until a lender confirms a lock under its policies and required disclosures.
Rate comparison basics
Use the Loan Estimate to compare loan amount, rate, APR, projected payment, estimated closing costs, points, lender credits, and cash to close. MJ Financial can walk through those numbers with you before you choose a direction.
CFPB Loan Estimate guideFreddie Mac market survey