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Illinois Interest Only Mortgage Rates

Updated: June 20, 2018

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Displaying rates for Mortgage Refinance in IL for $200,000

4.585%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated June 20, 2018
  • Save when you borrow from PenFed!

4.250%

APR
30 Year Fixed
4.250% Rate $984/mo
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5.087%

APR
30 Year Fixed
4.990% Rate $1,073/mo
  • Updated June 20, 2018
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  • Get an approval to buy a home or refinance your mortgage in minutes.
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4.924%

APR
30 Year Fixed
4.875% Rate $1,059/mo
  • Updated June 20, 2018
  • Direct Mortgage Lender. NMLS ID #1168.
  • State License #MB.0006749
  • Apply Online. Quick Prequalification.

4.779%

APR
30 Year Fixed
4.625% Rate $1,028/mo
  • Updated June 20, 2018
  • Get a free and no obligation rate quote in Illinois.
  • Direct Lender.
  • Call now and lock-in your low rate!

5.223%

APR
30 Year Fixed
5.125% Rate $1,089/mo
  • Updated June 20, 2018
  • Refinance to a get a lower payment, cash back or a faster payoff.
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.
PRODUCTS RATES +/-
30 Year Fixed 4.88%
15 Year Fixed 3.88%
5/1 ARM 4.06%
Wednesday, June 20, 2018

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Mortgage rates for Illinois go down to 4.88%

Wednesday, June 20, 2018

Mortgage rates for Illinois on Lender411 for 30-year fixed-rate mortgages are at 4.88%. That dropped from 4.89% to 4.88%. The 15-year fixed rates are now at 3.88%. The 5/1 ARM mortgage for Illinois is now at 4.06%.

Interest Only Rates in Illinois

When you buy a home in Illinois 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.

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