Mortgage Home > Custom Rate & Payment Quote
CUSTOM RATE & PAYMENT QUOTE

Custom Rate Quote Calculator
Custom Rate and Payment Calculator
Get a detailed rate and payment with this simple calculator.
 
* Required field
 
Loan purpose *
Find the value of your home
Property type Link to more information in a new window.
Property Type
Property Type


If you don't see your property type listed, please call Chase at 1-800-873-6577 for more information.

Link to more information in a new window.
Amount of cash to take out
Cash Out Amount


It is not necessary to request cash out to finance closing costs. Your loan officer will discuss this option with you.

Use of property Points Link to more information in a new window.
Points
POINTS


Paying discount points will lower your interest rate (as well as your monthly payment) over the life of the loan. When you pay a discount point, you essentially pay part of your interest to the lender up front. One discount point is typically equal to 1% of the loan amount, paid at closing. For example, one point on a $100,000 loan would require a $1,000 payment up front. Generally speaking, the longer you plan to remain in a property or hold your mortgage, the more advantageous it is to pay points. There is no requirement to pay discount points; whether or not you decide to pay points is completely up to you.

State* FICO score or
credit rating* Link to more information in a new window.
Fico Score
Credit History


Your credit file and score - which are primarily based on your loan paying credit/debt history - are used to make decisions about loans and interest rates available to you. As a key component in evaluating you as a credit risk, lenders use this information to see if you have missed payments, carry high balances, or are in other ways over extending yourself financially. For this reason, it's a good idea to check your credit report to make sure inaccuracies aren't impacting your credit.

You may use the following categories as a general guideline in evaluating your own creditworthiness (please note that these are general guidelines only-other factors will often be included in the loan approval or credit evaluation process):

Excellent credit:

  • Credit scores of 750 and above (Search will use 750, rates vary within this category)
  • At least 5 trade credit lines (credit cards, auto loans, mortgages) have each been open for at least 24 months
  • All accounts have been paid as agreed
  • No public records of bankruptcy, foreclosure, serious past due accounts, or collections within the last 7 years
  • Low current credit balance relative to maximum available credit limit
  • Minimum number of credit inquiries

Very good credit:

  • Credit scores between 700-749 (Rate search will use 720, rates vary within this category)
  • At least 5 trade credit lines (credit cards, auto loans, mortgages) have each been open for at least 24 months
  • All accounts have been paid as agreed
  • No public records of bankruptcy, foreclosure, serious past due accounts, or collections within the last 7 years
  • Low current credit balance relative to maximum available credit limit
  • Minimum number of credit inquiries

Good credit:

  • Credit scores between 660-699 (Rate search will use 680, rates vary within this category)
  • At least 5 trade credit lines (credit cards, auto loans, mortgages) have each been open for at least 24 months
  • Most accounts have been paid as agreed, with only occasional late payments
  • No public records of bankruptcy, foreclosure, serious past due accounts, or collections within the last 10 years
  • May have significant current credit balance relative to maximum available credit limit
  • Several recent credit inquiries

Fair credit:

  • Credit scores between 620-659
  • At least 3 trade credit lines (credit cards, auto loans, mortgages) have each been open for at least 24 months
  • Most accounts have been paid as agreed, with only occasional late payments
  • No public record of bankruptcy, foreclosure, serious past due accounts, or collections within the last few years
  • May have significant credit balance relative to maximum available credit limit
 OR 
 


 

Buying a home
Or refinancing?