Looking Towards Homeownership? Try these Chicago Mortgage Rates

The Chicago housing inventory holds a diverse mix of brick brownstones, high rise condos, single-family suburban dwellings and mid-century duplexes. While the housing market in the Windy City is up and down depending on the neighborhood, Chicago mortgage rates remain low.

Although the average home listing price in Chicago is close to $400,000, the median sales price is just under $200,000. Take into account the following Chicago mortgage rates that reflect a 30-year fixed rate for $200,000, $300,000 and $400,000 home loans.

Chicago Mortgage Rate for 30-Year Loan: $200,000

AimLoan.com: 30-year fixed rate at 4.25% with an estimated monthly payment of $984
Truerate partners: 30-year fixed rate at 4.375% with an estimated monthly payment of $999
Quicken Loans: 30-year fixed rate at 4.625% with an estimated monthly payment of $1,028

Chicago Mortgage Rates for 30-Year Loan: $300,000

AimLoan.com: 30-year fixed rate at 4.25% with an estimated monthly payment of $1,476
AmeriSave: 30-year fixed rate at 4. 5% with an estimated monthly payment of $1,520
Total Mortgage: 30-year fixed rate at 4.625% with an estimated monthly payment of $1,542

Chicago Mortgage Rates for 30-Year Loan: $400,000

Sunshine Funding, Inc.: 30-year fixed rate at 4.375% with an estimated monthly payment of $1,997
Northstar Lenders: 30-year fixed rate at 4.5% with an estimated monthly payment of $2,027
Quicken Loans: 30-year fixed rate at 4.625% with an estimated monthly payment of $2,057
Mortgage rates accurate as of publishing date and based on loan amounts of $200,000, $300,000 and $400,000. Please see the financial institution about any changes and additional fees.