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Illinois Interest Only Mortgage Rates

Updated: January 17, 2019

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

4.271%

APR
30 Year Fixed
4.250% Rate $984/mo
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4.875%

APR
30 Year Fixed
4.875% Rate $1,059/mo
  • Updated January 17, 2019
  • Historically Low Interest Rates - $100 Billion Funded
  • Cash-Out and Debt Consolidation Options
  • No Lender Closing Cost Options Available

4.800%

APR
30 Year Fixed
4.750% Rate $1,044/mo
  • Updated January 17, 2019
  • We close our loans FAST - many in 30 days or less!
  • 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 4.50%
15 Year Fixed 3.75%
5/1 ARM 4.13%
Thursday, January 17, 2019

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Mortgage rates for Illinois go down to 4.50%

Thursday, January 17, 2019

Mortgage rates for Illinois on Lender411 for 30-year fixed-rate mortgages are at 4.50%. That dropped from 4.50% to 4.50%. The 15-year fixed rates are now at 3.75%. The 5/1 ARM mortgage for Illinois is now at 4.13%.

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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