Alabama Interest Only Mortgage Rates
Updated: September 28, 2020
Search Rates
Displaying rates for Mortgage Refinance in AL for $200,000
NMLS# 2890 License# MC4972 |
2.914%APR  30 Year Fixed |
2.875% Rate | $830/mo |
|
||||
|
|
2.836%APR30 Year Fixed |
2.625% Rate | $803/mo |
|
||||
| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
3.00%
|
|
| 15 Year Fixed |
2.56%
|
|
| 5/1 ARM |
4.56%
|
|
Get a Personalized Rate QuoteEasy & Accurate, Takes 45 Seconds
Secure Form Privacy Policy | Terms of Use.
Mortgage rates for Alabama go down to 3.00%
Monday, September 28, 2020
Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Alabama is now at 4.56%.
Interest Only Rates in Alabama
When you buy a home in Alabama or refinance your existing mortgage with an interest only mortgage loan, you are taking out a 30-year mortgage, electing to pay "interest only" (instead of principal + interest) for a set period of time, such as 3, 5, 7 or 10 years. After the end of the "interest only period", the monthly payments readjust to include the principal, and the loan is re-amortized for the remaining years. Check out our main page on Interest Only Mortgage Rates.
Local Cities
Anniston | Auburn | Birmingham | Dothan | Eufaula | Fairhope | Florence | Huntsville | Mobile | Montgomery | Phenix City | Selma | Tuscaloosa | Vernon
