Rocket Mortgage Mortgage Calculator
Estimate your monthly Rocket Mortgage mortgage payment at current rates. Free, no signup.
fin·calc is an independent, unaffiliated calculator — not endorsed by, sponsored by, or affiliated with Rocket Mortgage. "Rocket Mortgage" is used only to describe typical rates and terms; confirm actual terms directly with the bank.
Rocket Mortgage mortgage rate
| Lender | Typical rate | Max term |
|---|---|---|
| Rocket Mortgage | 7.50% p.a. (Rocket Mortgage's own rate page, 15 Oct 2026, with points) | up to 30 years |
Reference 2026; 30-yr fixed. Your rate depends on your profile and deposit — verify with the bank.
Worked example
Example: $400,000 Rocket Mortgage mortgage at 7.50% for 30 years.
- Monthly payment: $2,797
- Total interest: $606,869
- Total payable: $1,006,869
Frequently Asked Questions
What is the Rocket Mortgage mortgage rate?
Rocket Mortgage's own rate page showed a 30-year fixed rate of 7.50% (7.806% APR, with points) on 15 October 2026. Your exact rate depends on your profile, points and deposit.
How is the Rocket Mortgage monthly payment calculated?
Using the reducing-balance formula on the financed amount. Enter your amount, rate and term in the calculator above.
How much deposit do I need?
A larger deposit lowers your rate and total cost. Most lenders also add valuation, legal and registration fees on top of the deposit.
Can I reduce the total cost?
Yes — a bigger deposit, shorter term, and extra/early repayments all cut total interest. Check for any early-repayment charges first.
Rocket Mortgage's Current Rates (September 2026)
As of September 17, 2026, Rocket Mortgage's own rates page advertised a 30-year fixed rate of 7.25% (APR 7.511%) — shown with 1.5 points ($5,250) on a $350,000 example loan, producing a listed monthly principal-and-interest payment of $2,388 — alongside a 15-year fixed rate of 6.50% (APR 6.947%, 1.75 points).
Rocket's 30-year figure ran about half a point above the Freddie Mac PMMS national average of 6.76% (week ending September 10, 2026) — plausible for a scenario carrying fewer points than some competitors' advertised examples.
Worked Example: $350,000 Rocket-Rate Loan
Using 7.25% on a $350,000, 30-year fixed loan: r = 0.0725/12 = 0.0060417, n = 360.
- (1+r)n = 1.0060417360 ≈ 8.7447
- M = 350,000 × 0.0060417 × 8.7447 / (8.7447 − 1) ≈ $2,388/month
This hand-calculated figure matches Rocket's own published $2,388 example payment. Over 30 years that's about $859,700 in total payments — roughly $509,700 in interest.
Frequently Asked Questions
What is Rocket Mortgage's current advertised 30-year rate?
As of September 17, 2026, Rocket Mortgage's rate page listed 7.25% (7.511% APR) for a 30-year fixed loan on a $350,000 example with 1.5 points paid, running above the Freddie Mac national average of 6.76% for that week.
Why might Rocket's advertised rate run higher than the national average?
Advertised examples differ by how many discount points are assumed. Rocket's September 2026 30-year example used 1.5 points; a lender example using more points paid upfront can show a lower headline rate for the same underlying market conditions.
Does Rocket Mortgage also offer a 15-year fixed rate?
Yes — alongside its 30-year fixed offering, Rocket Mortgage advertised a 15-year fixed rate of 6.50% (6.947% APR) as of September 17, 2026, with 1.75 points, which carries a higher monthly payment but substantially less lifetime interest.