Loan Savings Calculator

A Higher FICO® Score Saves You Money

The Loan Savings Calculator shows how FICO® scores impact the interest you pay on a loan. Select your loan type and state, enter the appropriate loan details and choose your current FICO® score range. You can see that working to get your score in the higher ranges can mean a big savings!

 
Loan Savings Calculator Interest Rates as of 4/28/2015

A 30-year loan in which the interest rate does not change during the entire term of the loan.
$
FICO Score APR Monthly Payment Total Interest Paid
 760-850  3.35 %
 700-759  3.572 %
 680-699  3.749 %
 660-679  3.963 %
 640-659  4.393 %
 620-639  4.939 %

The rates shown are averages based on thousands of financial lenders, conducted daily by Informa Research Services, Inc. The 30-year fixed home mortgage APRs are estimated based on the following assumptions. FICO scores between 620 and 850 (500 and 619) assume a Loan Amount of $150,000, 1.0 (0.0) Points, a Single Family - Owner Occupied Property Type and an 80% (60-80%) Loan-to-Value Ratio.

APR Source: © 2006, Informa Research Services, Inc., 26565 Agoura Road #300, Calabasas, CA 91302-1942. All rights reserved. May not be reproduced or retransmitted in any form without express written consent of Informa Research Services, Inc. The information has been obtained from various financial institutions and Informa Research Services cannot guarantee the accuracy of such information.

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All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more.


myFICO is the consumer division of FICO. Since its introduction over 25 years ago, FICO® Scores have become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use FICO Scores to make consumer credit decisions.

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