Pay just 3.25% for a 30-year home loan

Calculator home on money

Epic Funding is offering one of May's best deals on a 30-year home loan in two states.

It's charging just 3.25% with no points, $1,588 in lender fees and a 30-day rate lock.

That's about a third of a percentage point less than the national average of a 30-year home loan for purchase — 3.77%, according to our latest survey of major lenders.

Overall, average rates on a 30-year fixed-rate mortgage are currently around a quarter of a percentage point lower than they were in May 2016, making it a great time to pick up a mortgage.

Where to find this deal

Epic Funding offers loans in Virginia and Florida.

Not available where you live? This deal still serves as a great blueprint to follow. Find a deal like this in your area, and you know you've found a good one.

Get started by searching Bankrate's extensive database of the best mortgage rates from scores of local banks and mortgage brokers. If you find an offer that beats this one, you know you've got a winner.

What you'll pay

The monthly principal and interest payment for this loan would be just $435 for every $100,000 borrowed, or $870 on a $200,000 loan.

You can use our mortgage calculator to determine the monthly payments for the amount you want to borrow with any home loan.

It will also provide a month-by-month amortization schedule that shows how much you've reduced your debt and how much you still owe if you want to pay off the loan.

How much house can you afford

This is the first thing you need to decide before you even begin to hunt for a new place to live. No one wants to be house poor, saddled with mortgage payments that gobble up too much of their paycheck. Follow these 5 smart moves, and you’ll find the price range that fits your budget.

About Epic Funding

Epic Funding is based in Fort Myers, Florida, and enjoys an A+ rating from the Better Business Bureau.

To qualify for this mortgage, you must:

What's the best deal you've found on a 30-year home loan? Tell us!