Mortgage Offer Analysis - purchase in 33140 Miami-Dade, Florida

Analysis Date: 4/8/2025, 02:22 AM

Loan Offer Grade

Average rate. Consider shopping around for better offers.

Purchase Price

$800,000

Loan Amount

$500,000

Current Rate / APR

6.4% / 6.8%

Origination Costs

$5,000

Lender Credits

Loan Term

30 years

Down Payment

$300,000

Monthly Payment

$3,128

Property Usage

Primary Residence

Housing Type

Single Family

How does your exact mortgage compare to what we found on the market?

The loans we look for all have a 1.5% loan officer commission included in the rate.

Top Rates (APR: 6.098%)

Your Mortgage (APR: 6.8%)

Worst Rates (APR: 7.732%)

Top Rate

APR6.098%

Origination Costs$5,220

Monthly$2,998

Your Mortgage

APR6.800%

Origination Costs$5,000

Monthly$3,128

Worst Rates

APR7.732%

Origination Costs$5,020

Monthly$3,539

Potential Savings

You could potentially save $130 per month on your mortgage.

Annual Savings

$1,557

Savings Over the Loan Term

$46,721

Grade			Loan Amount
A	6.000% / 6.098%	$5,220	$500,000	$2,998
A	6.125% / 6.222%	$5,100	$500,000	$3,038
A	6.125% / 6.225%	$5,275	$500,000	$3,038
A	6.250% / 6.340%	$4,725	$500,000	$3,079
A	6.250% / 6.342%	$4,795	$500,000	$3,079
A	6.250% / 6.343%	$4,890	$500,000	$3,079
A	6.250% / 6.344%	$4,945	$500,000	$3,079
A	6.250% / 6.350%	$5,215	$500,000	$3,079
A	6.250% / 6.354%	$5,310	$500,000	$3,079
A	6.250% / 6.355%	$5,395	$500,000	$3,079
A	6.250% / 6.351%	$5,360	$500,000	$3,079
C	6.375% / 6.464%	$4,630	$500,000	$3,119
C	6.375% / 6.468%	$4,715	$500,000	$3,119
C	6.375% / 6.463%	$4,555	$500,000	$3,119
C	6.375% / 6.469%	$4,915	$500,000	$3,119
C	6.375% / 6.471%	$4,890	$500,000	$3,119
C	6.375% / 6.467%	$4,705	$500,000	$3,119
C	6.375% / 6.478%	$5,285	$500,000	$3,119
C	6.375% / 6.472%	$4,945	$500,000	$3,119
C	6.375% / 6.473%	$4,995	$500,000	$3,119
C	6.375% / 6.480%	$5,375	$500,000	$3,119
C	6.375% / 6.496%	$4,980	$500,000	$3,119
C	6.375% / 6.477%	$5,195	$500,000	$3,119
C	6.375% / 6.482%	$5,445	$500,000	$3,119
C	6.375% / 6.481%	$5,360	$500,000	$3,119
C	6.490% / 6.579%	$4,555	$500,000	$3,157
C	6.490% / 6.592%	$5,260	$500,000	$3,157
C	6.500% / 6.590%	$4,640	$500,000	$3,160
C	6.500% / 6.591%	$4,690	$500,000	$3,160
C	6.500% / 6.604%	$5,390	$500,000	$3,160
C	6.625% / 6.714%	$4,505	$500,000	$3,202
C	6.625% / 6.718%	$4,680	$500,000	$3,202
C	6.750% / 6.841%	$4,620	$500,000	$3,243
C	6.750% / 6.849%	$4,960	$500,000	$3,243
D	6.875% / 6.975%	$4,865	$500,000	$3,285
D	6.875% / 6.971%	$4,750	$500,000	$3,285
D	6.875% / 6.984%	$5,415	$500,000	$3,285
F	7.500% / 7.597%	$4,590	$500,000	$3,496
F	7.625% / 7.732%	$5,020	$500,000	$3,539

How We Grade This Analysis

Apples to Apples Rate Comparison

We gather real-time data from 10-20 mortgage lenders for loans with similar characteristics. This ensures our comparison reflects current market conditions for loans you would actually qualify for.

Scoring Methodology

Your Rate Score is calculated on an A to F scale, where A is the best rate in the market we've found and F is among the worst. We position your rate based on a distribution of available rates by comparing your loan details of purchase price, loan amount, and origination costs including points to available market rates.

Our scoring algorithm follows these steps:

Normalize all rates: We adjust each lender's advertised rate to account for any points or origination fees, creating an "effective rate" for fair comparison.
Calculate APR: We determine the Annual Percentage Rate for each option, which includes both the interest rate and associated fees.
Determine percentile ranking: We position your mortgage's effective rate within the distribution of similarly available mortgages based on monthly interest payments.
Calculate final score: The weighted factors are combined to produce your final Rate Score on a 0-100 scale.

A: Excellent

Your mortgage terms are among the best available in the current market.

B: Good

Your terms are better than most options in the market, but there may be some opportunity for modest savings.

C: Average

Your terms are average compared to the market. If you put some work into it, you'll probably be able to save some money.

D: Below Average

Your terms are less competitive than current market offerings. Significant opportunity for savings.

E: You are most proably getting screwed over by someone

Shop around and you'll probably be able to save significantly.

F: You're getting screwed over by someone

Reach out to other mortgage brokers or lenders asap.

Important Notes

Scores are only based on market data as of the exact time the analysis was run and will change as market conditions evolve.
Our analysis assumes based on information provided you would qualify for the rates we compare against. This is not always the case and every individual's eligibility is different.
The rates we look for in the market for comparison purposes have lower commission rates, and lender spreads than what many broker and lenders have access to. We look for rates that have a 1.5% loan officer commission rate included and have no origination other fees included.

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IMPORTANT DISCLAIMER: The information and services provided through ClosingWTF are currently for informational purposes only and are not intended to be, and should not be construed as, financial, legal, or investment advice. Users should always conduct their own research and due diligence. We do not sell or share data with third parties. Please review our Terms of Service for complete details. Rate Disclaimer: Interest rates displayed are for example purposes only and subject to change without notice. All loans are subject to final loan approval by the lender.

Mortgage Offer Analysis - purchase in 33140 Miami-Dade, Florida

Loan Offer Grade

How does your exact mortgage compare to what we found on the market?

Potential Savings

How We Grade This Analysis

Apples to Apples Rate Comparison

Scoring Methodology

How We Calculate Your Score

Interpreting Your Score

Important Notes

Mortgage Resources

Government Resources

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