Interest Rate
Annual mortgage rate. Pricing varies by occupancy, program, borrower, property, leverage, points, lender, and lock date.
Financing
Run the numbers with the Mortgage Payment Calculator.
Why Interest Rate matters
Rate materially changes payment and modeled cash flow. Compare current written quotes on the same terms and stress a higher-rate case; a generic market spread is not a quote or approval.
How to check Interest Rate before you rely on it
Compare written quotes on identical terms: same loan amount, same points, same lock period, same occupancy. Ask whether the quote is for an investment property, because owner-occupied rates are lower and often quoted by default. Then rerun the analysis at a rate one point higher than the quote; if the deal only works at today's rate, it depends on the market rather than on the property.
Related terms
- Loan Term
- Years over which the loan amortizes. 30-year fixed is the default; 15-year fixed reduces total inter…
- DSCR (Debt Service Coverage Ratio)
- Net Operating Income ÷ mortgage payment. Measures whether the property's income comfortably covers d…
- Monthly Cash Flow
- Rent minus operating expenses minus mortgage payment. The cash that lands in your account each month…
Where Interest Rate shows up in TrueCap
Financing inputs sit in the analyzer's financing section: the rate can start from FRED's national 30-year benchmark and every term is editable. They drive the monthly payment, DSCR, and cash flow after reserves, so a change here moves the verdict and the Offer Ceiling; the results view names the financing assumptions most likely to change the decision.