Mortgage Rates in Glen Ellyn, Illinois — March 2026
Updated March 2026 | Based on Glen Ellyn market data and regional lending conditions
Glen Ellyn is a growing city in Illinois with a population of 28,060. The current 30-year fixed mortgage rate in Glen Ellyn is 6.86%, which is 0.21% above the national average. With a median home price of $246,000 and a 20% down payment of $49,200, homebuyers can expect a monthly principal and interest payment of approximately $1,291.
Current Mortgage Rates in Glen Ellyn, IL
Below are the current average mortgage rates available in the Glen Ellyn area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.86% | 6.65% | +0.21% |
| 15-Year Fixed | 6.08% | 5.89% | +0.19% |
| 5/1 ARM | 6.32% | 6.15% | +0.17% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.11% | 6.85% | +0.26% |
Glen Ellyn Housing Market Overview
The Glen Ellyn housing market offers relatively affordable housing compared to many major cities. The median household income in Glen Ellyn is $60,100, and the cost of living index is 95 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $73,500 to comfortably afford the median-priced home in Glen Ellyn, which exceeds the current median household income.
Monthly Payment Breakdown for Glen Ellyn
Based on the median home price of $246,000 with 20% down ($49,200), here is what you can expect to pay monthly in Glen Ellyn:
15-Year vs. 30-Year Mortgage in Glen Ellyn
Choosing a 15-year mortgage in Glen Ellyn at 6.08% instead of a 30-year at 6.86% would save you $164,340 in total interest over the life of the loan. However, your monthly payment would be $1,669 instead of $1,291 — an increase of $378 per month.
Calculate Your Glen Ellyn Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Glen Ellyn
What are the current mortgage rates in Glen Ellyn, IL?
As of March 2026, the average 30-year fixed mortgage rate in Glen Ellyn, Illinois is 6.86%, while the 15-year fixed rate is 6.08%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.21% above the national average of 6.65%.
How much is a monthly mortgage payment in Glen Ellyn?
Based on the median home price of $246,000 with 20% down, the estimated monthly mortgage payment in Glen Ellyn is $1,291 for principal and interest. Including property taxes of $424/month, the total monthly housing cost is approximately $1,715.
What income do I need to buy a home in Glen Ellyn?
Using the 28% rule, you would need an annual income of approximately $73,500 to afford the median-priced home in Glen Ellyn at $246,000. The median household income in Glen Ellyn is $60,100. This means most households would need to either earn above the median or consider homes below $246,000.
Is Glen Ellyn a good place to buy a home in 2026?
Glen Ellyn offers a below-average cost of living with a cost of living index of 95 (national average = 100). The property tax rate in Illinois is 2.07%, which is above the national average. Glen Ellyn has a population of 28,060 and offers a balanced lifestyle.
Mortgage Rates in Other Illinois Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Glen Ellyn, Illinois area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.