More Savings on a New Home

See how much you could save [See how much you could save]( [View Images]( [Quicken Loans]( [Today's Rates]( [Refinance]( [Buy a Home]( [Calculators]( [About Us]( [Get Savings on a New Home(1) | Quicken Loans Monthly PMI $115 | Standard Monthly PMI(2) $146 | Total Savings $3,750 | Monthly Savings $31]( If you're planning to put less than a 20% down payment on a new home, you'll need mortgage insurance. At Quicken Loans, we have some of the lowest private mortgage insurance rates in the industry.3 That means you could save each month on your mortgage payment! As the example above shows, you'll save an average of $31 a month, adding up to a total of $3,750 over the time you're required to have mortgage insurance. Call (800) 442-3048 or [chat online]( with a Home Loan Expert to save on your mortgage. [Start Rocket Mortgage]( [See Today's Rates]( Zing Blog [Low Down Payment? Get Lower Private Mortgage Insurance Rates]( [What Freelancers Need to Know About Filing 2018 Tax Returns]( [11 Things to Do After You Move]( [A Room-by-Room Guide to Decluttering Your Home]( [See All Posts]( [Zing! by Quicken Loans | Give Your Home Some Love | Act Fast To Score Up To $4,000 Cash | I Want In]( [Zing! by Quicken Loans | Give Your Home Some Love | Act Fast To Score Up To $4,000 Cash | I Want In]( [Highest in Customer Satisfaction in the U.S. - J.D. Power | 2010-2017 Primary Mortgage Origination | 2014-2018 Mortgage Servicing]( [Highest in Customer Satisfaction in the U.S. - J.D. Power | 2010-2018 Primary Mortgage Origination | 2014-2018 Mortgage Servicing]( [Facebook]( [Twitter]( [Zing! Blog]( [Instagram]( [YouTube]( 1The payment on a $250,000 30-year fixed-rate loan at 4.625% (5.135% APR) with 0 points and an LTV of 97% is $1,285.35, which includes a mortgage insurance payment of $114.58. Taxes and homeowners insurance are not included. The actual payment will be greater. Rates shown valid on publication date of February 7, 2019. Product available on fixed-rate conventional products only. No FHA, VA or jumbo products. Additional restrictions/conditions may apply. 2Standard Industry BPMI rates are reported by mgic.com, July 2018. 3BPMI monthly and LPMI single rate data is compared to publicly published private mortgage insurance rates. For J.D. Power award information, visit [JDPower.com](). To no longer receive emails from Quicken Loans, [specify your preferences](. For the best client service, we record and monitor your communications (e.g., phone, email, chat, our website, etc.) with us. Quicken Loans Inc.; NMLS #3030; [www.NMLSConsumerAccess.org](. Equal Housing Lender. Licensed in 50 states. AR, TX: [1050 Woodward Ave., Detroit, MI 48226-1906, (888) 474-0404](#); AZ: [1 N. Central Ave., Ste. 2000, Phoenix, AZ 85004, Mortgage Banker License #BK-0902939](#); CA: Licensed by Dept. of Business Oversight, under the CA Residential Mortgage Lending Act and Finance Lenders Law; CO: Regulated by the Division of Real Estate; GA: Residential Mortgage Licensee #11704; IL: Residential Mortgage Licensee [#4127 - Dept.](#) of Financial and Professional Regulation; KS: Licensed Mortgage Company MC.0025309; MA: Mortgage Lender License #ML 3030; ME: Supervised Lender License; MN: Not an offer for a rate lock agreement; MS: Licensed by the MS Dept. of Banking and Consumer Finance; NH: Licensed by the NH Banking Dept., #6743MB; NV: License #626; NJ: New [Jersey - Quicken](#) Loans Inc., [1050 Woodward Ave., Detroit, MI 48226, (888) 474-0404](#), Licensed by the N.J. Department of Banking and Insurance.; NY: Licensed Mortgage [Banker - NYS](#) Banking Dept.; OH: MB 850076; OR: License [#ML-1387](#); PA: Licensed by the Dept. of [Banking - License](#) #21430; RI: Licensed Lender; WA: Consumer Loan Company License [CL-3030](#). Conditions may apply. Quicken Loans, [1050 Woodward Avenue, Detroit, MI 48226-1906](#) quik.100381496