Refinance Rates & Terms

At CommonBond, we believe that borrowers with great credit deserve a better rate. Our investors agree, and together, we provide lower rates – and a better loan – than traditional lending institutions.

Your individual rate depends on your credit profile, your choice of a variable or fixed rate, and the term (length) of the loan. So how do you choose? To start,
it's important to know a few key facts:

The following table displays the estimated monthly payment, total interest, and Annual Percentage Rates (APR) for a $10,000 loan. Rates include a 0.25% autopay (ACH) discount.

Variable Rates

5 Years

Rate Range: Low High
APR (with autopay) 2.72% 6.11%
Est. monthly payment: $178.45 $193.84
Est. total interest: $706.72 $1,630.39
Est. total cost: $10,706.72 $11,630.39
Rate range:
Low
APR: 2.72%
Est. monthly payment: $178.45
Est. Total Interest: $706.72
Est. Total Cost: $10,706.72
Rate range:
High
APR: 6.11%
Est. monthly payment: $193.84
Est. Total Interest: $1,630.39
Est. Total Cost: $11,630.39

7 Years

Rate Range: Low High
APR (with autopay) 2.72% 6.11%
Est. monthly payment: $178.45 $193.84
Est. total interest: $706.72 $1,630.39
Est. total cost: $10,706.72 $11,630.39
Rate range:
Low
APR: 3.96%
Est. monthly payment: $136.50
Est. Total Interest: $1,466.34
Est. Total Cost: $11,466.34
Rate range:
High
APR: 6.40%
Est. monthly payment: $148.01
Est. Total Interest: $2,432.90
Est. Total Cost: $12,432.90

10 Years

Rate Range: Low High
APR (with autopay) 2.72% 6.11%
Est. monthly payment: $178.45 $193.84
Est. total interest: $706.72 $1,630.39
Est. total cost: $10,706.72 $11,630.39
Rate range:
Low
APR: 4.46%
Est. monthly payment: $103.45
Est. Total Interest: $2,413.48
Est. Total Cost: $12,413.48
Rate range:
High
APR: 6.65%
Est. monthly payment: $114.31
Est. Total Interest: $3,717.52
Est. Total Cost: $13,717.52

15 Years

Rate Range: Low High
APR (with autopay) 2.72% 6.11%
Est. monthly payment: $178.45 $193.84
Est. total interest: $706.72 $1,630.39
Est. total cost: $10,706.72 $11,630.39
Rate range:
Low
APR: 4.84%
Est. monthly payment: $78.25
Est. Total Interest: $4,084.71
Est. Total Cost: $14,084.71
Rate range:
High
APR: 6.93%
Est. monthly payment: $89.49
Est. Total Interest: $6,108.55
Est. Total Cost: $16,108.55

20 Years

Rate Range: Low High
APR (with autopay) 2.72% 6.11%
Est. monthly payment: $178.45 $193.84
Est. total interest: $706.72 $1,630.39
Est. total cost: $10,706.72 $11,630.39
Rate range:
Low
APR: 5.09%
Est. monthly payment: $66.49
Est. Total Interest: $5,958.50
Est. Total Cost: $15,958.50
Rate range:
High
APR: 7.40%
Est. monthly payment: $79.95
Est. Total Interest: $9,187.75
Est. Total Cost: $19,187.75
Fixed Rates

5 Years

Rate Range: Low High
APR (with autopay) 2.72% 6.11%
Est. monthly payment: $178.45 $193.84
Est. total interest: $706.72 $1,630.39
Est. total cost: $10,706.72 $11,630.39
Rate range:
Low
APR: 3.20%
Est. monthly payment: $180.58
Est. Total Interest: $834.62
Est. Total Cost: $10,834.62
Rate range:
High
APR: 5.96%
Est. monthly payment: $193.14
Est. Total Interest: $1,588.52
Est. Total Cost: $11,588.52

7 Years

Rate Range: Low High
APR (with autopay) 2.72% 6.11%
Est. monthly payment: $178.45 $193.84
Est. total interest: $706.72 $1,630.39
Est. total cost: $10,706.72 $11,630.39
Rate range:
Low
APR: 4.13%
Est. monthly payment: $137.29
Est. Total Interest: $1,532.13
Est. Total Cost: $11,532.13
Rate range:
High
APR: 6.25%
Est. monthly payment: $147.29
Est. Total Interest: $2,372.11
Est. Total Cost: $12,372.11

10 Years

Rate Range: Low High
APR (with autopay) 2.72% 6.11%
Est. monthly payment: $178.45 $193.84
Est. total interest: $706.72 $1,630.39
Est. total cost: $10,706.72 $11,630.39
Rate range:
Low
APR: 4.50%
Est. monthly payment: $103.64
Est. Total Interest: $2,436.61
Est. Total Cost: $12,436.61
Rate range:
High
APR: 6.50%
Est. monthly payment: $113.55
Est. Total Interest: $3,625.76
Est. Total Cost: $13,625.76

15 Years

Rate Range: Low High
APR (with autopay) 2.72% 6.11%
Est. monthly payment: $178.45 $193.84
Est. total interest: $706.72 $1,630.39
Est. total cost: $10,706.72 $11,630.39
Rate range:
Low
APR: 4.87%
Est. monthly payment: $78.40
Est. Total Interest: $4,112.69
Est. Total Cost: $14,112.69
Rate range:
High
APR: 6.78%
Est. monthly payment: $88.66
Est. Total Interest: $5,958.32
Est. Total Cost: $15,958.32

20 Years

Rate Range: Low High
APR (with autopay) 2.72% 6.11%
Est. monthly payment: $178.45 $193.84
Est. total interest: $706.72 $1,630.39
Est. total cost: $10,706.72 $11,630.39
Rate range:
Low
APR: 5.38%
Est. monthly payment: $68.11
Est. Total Interest: $6,347.06
Est. Total Cost: $16,347.06
Rate range:
High
APR: 7.25%
Est. monthly payment: $79.04
Est. Total Interest: $8,969.02
Est. Total Cost: $18,969.02
Hybrid Rates

The CommonBond Hybrid Loan option balances the many competing tradeoffs of choosing a particular repayment term, helping to minimize: 1) interest rate, 2) size of required monthly payment, and 3) total interest paid.

The Hybrid also helps reduce the uncertainty of a variable rate loan by fixing the interest rate for the first five years of repayment, and then switching to a variable rate for the remainder of the loan period. For borrowers who tend to prepay, this period of interest rate uncertainty can be relatively short, allowing Hybrid borrowers to benefit from a fixed rate lower than our normal 10-year fixed rate loan.

10 Years

Rate Range: Low High
APR (with autopay) 2.72% 6.11%
Est. monthly payment: $178.45 $193.84
Est. total interest: $706.72 $1,630.39
Est. total cost: $10,706.72 $11,630.39
Rate range:
Low
APR: 4.30%
Est. monthly payment: $102.44
Est. Total Interest: $2,324.11
Est. Total Cost: $12,324.11
Rate range:
High
APR: 6.34%
Est. monthly payment: $113.36
Est. Total Interest: $3,538.46
Est. Total Cost: $13,538.46