Editor's Pick
FHA Loan
VA Loan
First Federal Bank 5/1 ARM
First Federal Bank Mortgage Lenders
NMLS #408902
5/1 ARM
5.0
Copiafy Score
Interest Rate
4.875%
0 points
APR
6.346%
Includes fees & closing costs
Monthly Payment
$2,668
On $500,000 loan
Payment Example
Loan Amount
$500,000
Term
30 years
Monthly Payment
$2,668
Total Payments
$960,480
Total Interest
$460,480
* Example based on 4.875% interest rate with 5.000% down payment. Does not include taxes, insurance, HOA, or PMI.
Pros & Cons
Pros
Cons
Loan Details
Customer Reviews
5.0
160 reviews
Rate verified: 10/13/2025
Quick Summary
Rate
4.875%
APR: 6.346%
Type: 5/1 ARM
Term: 30 years
Min Down: 5.000%
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 4.875% interest rate is what you'll pay to borrow money. The 6.346% 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