Capital One Bank — Mortgage Rates

Capital One, N.A., NMLS ID 453156.

Loans subject to credit approval. This does not represent an offer to enter into a loan agreement. Rates and terms subject to change without notice and depend on your specific situation. Certain products are not available in all states due to federal, state, and local requirements. Advertised Annual Percentage Rate (APR) reflects the rates and points shown. Rate and APR shown are for a 60-day rate lock and subject to change at any time. APRs may vary for loans with less than the stated down payment, and borrower-paid mortgage insurance may apply.

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Information displayed is accurate as of the date of the latest update and is subject to change without notice. Loan rates and pricing can only be locked through a mortgage consultant. In some cases, refinancing to pay off existing debt may extend the term of the debt, possibly resulting in higher overall debt. Rates and terms subject to change without notice and depend on your specific situation. Advertised Annual Percentage Rate (APR) reflects the rates and points shown. Rate and APR shown assume a 60-day rate lock and subject to change at any time. APRs may vary for loans with less than the stated down payment, and borrower-paid mortgage insurance may apply.

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30 year fixed, 15 year fixed, and 30 year FHA/VA fixed, and 15 year FHA/VA fixed rates and APRs are based on an excellent credit history, $250,000 loan amount, 20% down payment for a purchase loan, and 80% combined loan-to-value ratio. Additional terms and restrictions apply.

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5/1 Adjustable Rate Mortgage (ARM) rate and APR is based on an excellent credit history, $250,000 loan amount, 20% down payment for purchase loans, and 80% combined loan-to-value ratio. Interest rate is subject to change after initial 5 year period. Please request a rate schedule for specific terms. Additional terms and restrictions apply.

For an example of a 5/1 Adjustable Rate Mortgage, assume you have a loan amount of $10,000, a loan term of 30 years and an initial interest rate of 2.500% (in effect in March 2011), with a margin of 2.250% and an administered lifetime cap of 8.500%. Under these assumptions, your initial loan payment of principal and interest will be $44.90. At the 61st payment, your interest rate cannot increase above 8.500% or decrease below 2.250%. If your interest rate reached the administered lifetime interest rate cap on the loan of 8.500%, your payment would reach a maximum amount of $72.23 in the 6th year.
To see what your payments would have been during the period shown above, divide your mortgage amount by $10,000; then multiply the monthly payment by that amount. For example, the initial monthly payment for a mortgage amount of $100,000 would be $449.00 ($100,000 divided by $10,000 = 10.00; and 10.00 x $44.90 = $449.00 per month).

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30-year Jumbo Fixed rates and APR are based on an excellent credit history, $750,000 loan amount, 30% down payment for purchase loans, and 70% combined loan-to-value ratio. Additional terms and restrictions apply.

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Jumbo 5/1 ARM and Jumbo 5/1 Interest Only ARM rates and APR is based on an excellent credit history, $750,000 loan amount, 30% down payment for purchase loans and 70% combined loan-to-value ratio. Interest rate is subject to change after initial 5 year period. Please request a rate schedule for specific terms. Additional terms and restrictions apply.

For an example of a 5/1 Adjustable Rate Mortgage, assume you have a loan amount of $10,000, a loan term of 30 years and an initial interest rate of 2.500% (in effect in March 2011), with a margin of 2.250% and an administered lifetime cap of 8.500%. Under these assumptions, your initial loan payment of principal and interest will be $44.90. At the 61st payment, your interest rate cannot increase above 8.500% or decrease below 2.250%. If your interest rate reached the administered lifetime interest rate cap on the loan of 8.500%, your payment would reach a maximum amount of $72.23 in the 6th year.

To see what your payments would have been during the period shown above, divide your mortgage amount by $10,000; then multiply the monthly payment by that amount. For example, the initial monthly payment for a mortgage amount of $100,000 would be $449.00 ($100,000 divided by $10,000 = 10.00; and 10.00 x $44.90 = $449.00 per month).

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The Interest-Only loan program will allow you to make minimum interest payments for a set period of time, then full principal-and-interest payments for the rest of your loan term. Interest only payment option only available when your minimum required payment is less than your interest payment. At the end of the interest-only period, you will be required to pay down the outstanding principal, which will increase your monthly payment, possibly substantially, even if you have a fixed interest rate. Depending on the product specifics, a loan with the Interest-Only loan program may result in higher interest rates or Annual Percentage Rates than a traditional mortgage product. Interest-Only loan program may contain a prepayment penalty which is an additional fee you would have to pay if you paid off the loan early. Ask a Mortgage Consultant for details on the prepayment penalty.

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Availability varies by geography. FHA loans may require both an upfront and an annual mortgage insurance premium. The premium varies based on the loan characteristics, your credit score, whether you've received loan counseling, and other factors.