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Illinois Interest Only Mortgage Rates

Updated: October 23, 2018

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

4.585%

APR
30 Year Fixed
4.500% Rate $1,013/mo
  • Updated October 23, 2018
  • PenFed Credit Union lends in all 50 States
  • We provide some of the lowest rates and fees available.
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5.301%

APR
30 Year Fixed
5.250% Rate $1,105/mo
  • Updated October 23, 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.

5.375%

APR
30 Year Fixed
5.375% Rate $1,120/mo
  • Updated October 23, 2018
  • Get a free and no obligation rate quote in Illinois.
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  • Call now and lock-in your low rate!
PRODUCTS RATES +/-
30 Year Fixed 5.03%
15 Year Fixed 3.99%
5/1 ARM 4.13%
Tuesday, October 23, 2018

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Mortgage rates for Illinois go down to 5.03%

Tuesday, October 23, 2018

Mortgage rates for Illinois on Lender411 for 30-year fixed-rate mortgages are at 5.03%. That dropped from 5.06% to 5.03%. The 15-year fixed rates are now at 3.99%. 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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