FHA Loan
VA Loan
Better Mortgage 5/1 ARM
Better Mortgage
NMLS #330511
5/1 ARM
4.3
Copiafy Score
Interest Rate
5.125%
0 points
APR
6.607%
Includes fees & closing costs
Monthly Payment
$2,744
On $500,000 loan
Payment Example
Loan Amount
$500,000
Term
30 years
Monthly Payment
$2,744
Total Payments
$987,840
Total Interest
$487,840
* Example based on 5.125% interest rate with 3.000% down payment. Does not include taxes, insurance, HOA, or PMI.
Pros & Cons
Pros
Cons
Loan Details
Customer Reviews
4.3
1,370 reviews
Rate verified: 10/13/2025
Quick Summary
Rate
5.125%
APR: 6.607%
Type: 5/1 ARM
Term: 30 years
Min Down: 3.000%
Pro Tip
Get pre-approved before house hunting. It shows sellers you're serious and can help you move quickly in competitive markets.
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How This Rate Works
The 5.125% interest rate is what you'll pay to borrow money. The 6.607% APR includes the rate plus fees and costs, giving you the true cost of the loan.
Next Steps
- • Get pre-approved to know your budget
- • Compare rates from multiple lenders
- • Review all fees and closing costs
- • Lock your rate when you're ready