What does Path assume for a mortgage type and interest rate for the Home Planning goal?

Path, our advice engine, assumes a 30-year fixed rate mortgage by default, but allows you to change this to a 15-year fixed or a 5/1 ARM.

Path sets a default annual interest rate on your future mortgage based on your credit score, income, linked debts, target home value, state where the property is located, down payment, and projected future interest rates. You can also override this default.

To see all assumptions within your home goal, click “show assumptions”.

Please see our methodology for more details.

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Path is a sophisticated personal finance model offered by Wealthfront that allows Clients to plan for the future and explore projections of various possible financial outcomes. The projections in Path are estimates based on Clients’ latest data from linked financial accounts, tolerance for risk, and current investments, as well as assumptions compiled by Wealthfront’s Research team.

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