Rate by Credit Tier Calculator
Enter your FICO score to find your exact mortgage rate tier, compare all 8 credit tiers side-by-side, and calculate how much you save by improving your score — including Fannie/Freddie LLPA costs.
Rate by Credit Tier Calculator
See exactly which rate tier your FICO score lands you in, your monthly payment, and how much you save by reaching the next tier.
All FICO tiers for a $320,000 loan on a 30-year term. Your tier is highlighted.
| FICO Range | Rate | Monthly P&I | Total Interest | vs Your Tier |
|---|---|---|---|---|
| 760+ | 6.625% | $2,049 | $417,638 | -$53/mo |
| 740–759 | 6.750% | $2,076 | $427,185 | -$27/mo |
| 720–739 ✓ YOU | 6.875% | $2,102 | $436,782 | — |
| 700–719 | 7.000% | $2,129 | $446,428 | +$27/mo |
| 680–699 | 7.125% | $2,156 | $456,124 | +$54/mo |
| 660–679 | 7.375% | $2,210 | $475,658 | +$108/mo |
| 640–659 | 7.625% | $2,265 | $495,378 | +$163/mo |
| 620–639 | 7.875% | $2,320 | $515,280 | +$218/mo |
FHA charges the same rate at all credit scores but adds mandatory MIP. Conventional pricing varies dramatically by tier. See which wins for your scenario.
How to Use This Rate by Credit Tier Calculator
Enter four values to see your exact mortgage rate tier and savings potential:
- Home Price: The purchase price of the home you want to buy.
- Down Payment: The amount you will pay upfront. Higher down payments reduce your LTV, which can lower LLPAs.
- Credit Score (FICO): Your middle FICO score from the three bureaus. This is the score lenders use for conventional pricing. Use the multi-bureau tab in the Pro tier if your scores vary widely.
- Loan Term: 15, 20, or 30 years. The tier rate sheet shows representative 30-year conventional rates updated for current market conditions.
The calculator instantly shows your rate tier, your monthly payment, the next tier rate if you improve your score, and the lifetime savings from reaching that next tier. Use the Advanced tier to see the full rate sheet with all 8 tiers and your LLPA upfront cost.
The 8 Conventional Mortgage Rate Tiers (FICO Score Brackets)
740–759 → +0.125% above best tier
720–739 → +0.25% above best tier
700–719 → +0.375% above best tier
680–699 → +0.50% above best tier
660–679 → +0.75% above best tier
640–659 → +1.00% above best tier
620–639 → +1.25% above best tier (minimum for conventional)
These tiers reflect Fannie Mae and Freddie Mac's Loan Level Price Adjustments (LLPAs), which lenders pass through as higher rates or upfront points. FHA loans do not use LLPAs and offer the same rate at any score, but require mandatory mortgage insurance premium (MIP) of 0.55%/year on most loans.
How LLPAs Work
When you get a conventional loan, Fannie Mae and Freddie Mac charge the lender a grid of fees based on two factors: your credit score and your loan-to-value (LTV) ratio. Lenders pass these costs to borrowers as either upfront points at closing or a higher interest rate. A borrower at 700 FICO / 80% LTV might pay 0.75%–1.00% of the loan amount in LLPAs — that is $3,000–$4,000 on a $400,000 loan.
Example: The True Cost of a 720 vs 760 Score
Maria vs. David — Same Home, Different Scores
Maria has a 720 FICO score and David has a 762 FICO score. Both are buying a $450,000 home with $90,000 down (20% down, no PMI) on a 30-year conventional loan.
| Loan Amount | $360,000 |
| Maria's Rate (720–739 tier) | 6.875% |
| David's Rate (760+ tier) | 6.625% |
| Maria's Monthly P&I | $2,364 |
| David's Monthly P&I | $2,305 |
| Monthly Difference | $59 |
| Lifetime Difference (30 years) | $21,240 |
Maria's 40-point lower score costs her $59/month and $21,240 over 30 years — just to be in the 720–739 tier instead of 760+. If she also has a higher LTV, the LLPA cost adds further upfront expense. This example shows why pushing above key thresholds (700, 720, 740, 760) is worth significant effort.