Eric Engelland
Sr. Loan Officer | Truth Seeker | Northwest Native
Eric is a lifelong resident of the Pacific Northwest where he’s been serving homebuyers and the real estate community as a professional mortgage banker for the past 25 years. He loves living in Gig Harbor with his wife of 23 years and their three daughters. Eric graduated from the University of Washington with a degree in finance. Outside of work Eric spends his time being active outside, hanging with family and friends, volunteering at his church, reading and writing.
About Upwell Eric says, “Upwell is truly innovative. Our team is pushing the envelope on delivering low rates and using next gen technology to make mortgage quick, simple and inexpensive. No other Pacific Northwest mortgage bank is doing what we’re doing; it’s not even close.”
253.377.8606 | NMLS# 72324 | State License
30-Year Fixed
98.875
6.500
6.584
Lender Fees:
Discount Points:
0.443%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
99.5
6.500
6.584
Lender Fees:
Discount Points:
0.443%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
*Income restrictions apply
15-Year Fixed
98.875
5.750
5.956
Lender Fees:
Discount Points:
0.893%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
99.5
7.125
7.240
Lender Fees:
Discount Points:
0.286%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
*Income restrictions apply
30-Year FHA
98.875
5.875
6.743
Lender Fees:
Discount Points:
0.953%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
99.5
6.000
6.806
Lender Fees:
Discount Points:
0.326%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
30-Year VA
98.875
5.875
6.191
Lender Fees:
Discount Points:
0.792%
Admin Fee:
$0
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
99.5
6.000
6.261
Lender Fees:
Discount Points:
0.205%
Admin Fee:
$0
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
30-Year Jumbo
98.875
7.000
7.119
Lender Fees:
Discount Points:
0.934%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
99.5
8.875
8.957
Lender Fees:
Discount Points:
0.473%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
Rates as of:
10:14AM Pacific Time on December 1st, 2023
Calculate Your Mortgage Payments
See what your mortgage payment could be with today’s rates.
Disclosures and Assumptions
30-Year Fixed-Rate Mortgage:
98.875
The payment on a $647,000 30-year Fixed-Rate Loan at 6.500% and 75% loan-to-value (LTV) is $4,089 with 0.443 points due at closing. The Annual Percentage Rate (APR) is 6.584%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
99.5
The payment on a $647,000 30-year Fixed-Rate Loan at 6.500% and 75% loan-to-value (LTV) is $4,089 with 0.443 points due at closing. The Annual Percentage Rate (APR) is 6.584%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
15-Year Fixed-Rate Mortgage:
98.875
The payment on a $647,000 15-year Fixed-Rate Loan at 5.750% and 75% loan-to-value (LTV) is $5,373 with 0.893 points due at closing. The Annual Percentage Rate (APR) is 5.956%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
99.5
The payment on a $647,000 15-year Fixed-Rate Loan at 7.125% and 75% loan-to-value (LTV) is $5,861 with 0.286 points due at closing. The Annual Percentage Rate (APR) is 7.240%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
30-Year FHA Loan:
98.875
Rate is fixed. The payment on a $420,000, 30-year fixed rate loan at 5.875% and 96.3% loan-to-value (LTV) is $2,719 with 0.953 points due at closing. Payment includes a one time upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 0.85% of the base loan amount. For mortgages with a loan-to-value (LTV) ratio of less than or equal to 90%, the monthly MIP will be paid for the first 11 years of the mortgage term, or the end of the mortgage term, whichever comes first. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. The Annual Percentage Rate (APR) is 6.743%.
99.5
Rate is fixed. The payment on a $420,000, 30-year fixed rate loan at 6.000% and 96.3% loan-to-value (LTV) is $2,754 with 0.326 points due at closing. Payment includes a one time upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 0.85% of the base loan amount. For mortgages with a loan-to-value (LTV) ratio of less than or equal to 90%, the monthly MIP will be paid for the first 11 years of the mortgage term, or the end of the mortgage term, whichever comes first. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. The Annual Percentage Rate (APR) is 6.806%.
30-Year Fixed-Rate VA Loan:
98.875
Rate is fixed. The payment on a $625,000, 30-year fixed-rate loan at 5.875% and 100% loan-to-value (LTV) is $3,777 with 0.792 points due at closing. The Annual Percentage Rate (APR) is 6.191%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.
99.5
Rate is fixed. The payment on a $625,000, 30-year fixed-rate loan at 6.000% and 100% loan-to-value (LTV) is $3,828 with 0.205 points due at closing. The Annual Percentage Rate (APR) is 6.261%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.
30-Year Jumbo Fixed-Rate Mortgage:
98.875
The payment on a $1,200,000 30-year Fixed-Rate Loan at 7.000% and 75% loan-to-value (LTV) is $7,984 with 0.934 points due at closing. The Annual Percentage Rate (APR) is 7.119%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
99.5
The payment on a $1,200,000 30-year Fixed-Rate Loan at 8.875% and 75% loan-to-value (LTV) is $9,548 with 0.473 points due at closing. The Annual Percentage Rate (APR) is 8.957%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.