Frequently Asked Questions

Where do the mortgage rates come from?

We use official historical data from the Federal Reserve Economic Data (FRED) service. Rates are updated automatically to ensure accuracy.

How accurate are the calculations?

Our calculator is designed for quick estimates. Actual mortgage offers may differ based on your credit score, location, lender fees, and daily market changes.

Why doesn’t the rate match the exact date I selected?

FRED data is reported weekly, so we select the closest available rate before or on the date you choose.

Does this include taxes and insurance?

No, the monthly payment calculation only considers principal and interest. Taxes, insurance, and other costs are excluded.

Can I trust the savings estimate?

Yes, for general trends and rough planning. However, for an exact quote, always contact a licensed mortgage professional.