Tomo Mortgage

Today's rates

Mortgage rate options

6.625
6.625
%

Rate/APR

$2,561
Monthly

Buy a lower rate

Drag the slider to see how much more you need to pay at closing to get a lower rate.

Additional loan details

Lender fees
$0 guaranteed
Cost to buy a lower rate
$0
Closing costs
$8,000-$12,000
Down payment
$100,000
Total due at closing
$112,000

Insights

  • Fees

    Other lenders may charge $2,000 or more for "processing" or "origination" fees, your loan has no extra fees.
James McTernan Loan Advisor PortraitInsights by James McTernanTomo Mortgage Loan Advisor - NMLS #1112719

A customer in Michigan saved $753 by choosing Tomo Mortgage over Mutual of Omaha

See what you can save

Tomo Mortgage

Biggest savings
Lender fees
$0
Required services
$760
Title and settlement
$2,247
Lender credits
-$2,289
Total
$718

Mutual of Omaha

Lender fees+$995
$995
Required services+$391
$1,151
Title and settlement+$378
$2,625
Lender credits-$1,011
-$3,300
Total
$1,471
See what you can save

Explore your rate

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$0 in lender fees

Better tech means lower costs. Keep $3K–$5K that other lenders take

Get advice 7 days/week

Talk to an advisor. No obligations, just answers.

98% on-time closing

The industry averages 40%. We close when we say we will.

“
“They were super responsive throughout the process and we got the lowest rate.”
Mariah S.
5 out of 5 stars
Trustpilot
“
“No hidden fees and patience to explain every number from pre-approval all the way up to final closing numbers.”
Elias L.
5 out of 5 stars
Trustpilot
“
“They offered the lowest mortgage rate I could find, and their team provided outstanding support from start to finish.”
Miriam R.
5 out of 5 stars
Trustpilot
“
“I was skeptical of working with an online provider but my experience gave me a confidence to trust Tomo.”
Steve
5 out of 5 stars
Trustpilot

Glossary of terms

Rate
Your mortgage rate is the percentage you pay to borrow money for your home. Rates change daily based on market conditions and your credit score, down payment, and location. Higher credit scores (700+) and larger down payments (20%+) qualify for lower rates. Once you lock your rate with Tomo Mortgage, it's guaranteed through closing—even if market rates increase.
APR
APR shows the true cost of your loan by including the interest rate plus fees like mortgage insurance, points, and closing costs. When comparing lenders, look for an APR close to the interest rate (within 0.25%). A big gap means high fees. With Tomo Mortgage's $0 lender fees, our APR stays close to our rate.
Closing costs
Closing costs are fees you pay to complete your home purchase, typically 2-5% of your loan amount ($8,000-20,000 on a $400,000 loan). Common costs include appraisal ($500-800), title insurance ($1,000-3,000), and inspection ($300-500). With other lenders, expect $2,000-4,000 in lender fees—Tomo Mortgage charges $0.
Points/credit
Points let you pay more upfront to lower your interest rate. One point = 1% of your loan amount. Credits give you a higher rate in exchange for the lender covering closing costs. Which makes sense depends on how long you'll stay in the home. Your Tomo Mortgage loan advisor will run the math with you.