Mortgage Rates in Streamwood, Illinois — March 2026
Updated March 2026 | Based on Streamwood market data and regional lending conditions
Streamwood is a growing city in Illinois with a population of 39,858. The current 30-year fixed mortgage rate in Streamwood is 6.74%, which is 0.09% above the national average. With a median home price of $231,000 and a 20% down payment of $46,200, homebuyers can expect a monthly principal and interest payment of approximately $1,197.
Current Mortgage Rates in Streamwood, IL
Below are the current average mortgage rates available in the Streamwood 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 | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Streamwood Housing Market Overview
The Streamwood housing market offers relatively affordable housing compared to many major cities. The median household income in Streamwood is $65,100, and the cost of living index is 84.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $68,143 to comfortably afford the median-priced home in Streamwood, which exceeds the current median household income.
Monthly Payment Breakdown for Streamwood
Based on the median home price of $231,000 with 20% down ($46,200), here is what you can expect to pay monthly in Streamwood:
15-Year vs. 30-Year Mortgage in Streamwood
Choosing a 15-year mortgage in Streamwood at 5.99% instead of a 30-year at 6.74% would save you $150,480 in total interest over the life of the loan. However, your monthly payment would be $1,558 instead of $1,197 — an increase of $361 per month.
Calculate Your Streamwood 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 Streamwood
What are the current mortgage rates in Streamwood, IL?
As of March 2026, the average 30-year fixed mortgage rate in Streamwood, Illinois is 6.74%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Streamwood?
Based on the median home price of $231,000 with 20% down, the estimated monthly mortgage payment in Streamwood is $1,197 for principal and interest. Including property taxes of $393/month, the total monthly housing cost is approximately $1,590.
What income do I need to buy a home in Streamwood?
Using the 28% rule, you would need an annual income of approximately $68,143 to afford the median-priced home in Streamwood at $231,000. The median household income in Streamwood is $65,100. This means most households would need to either earn above the median or consider homes below $231,000.
Is Streamwood a good place to buy a home in 2026?
Streamwood offers a below-average cost of living with a cost of living index of 84.8 (national average = 100). The property tax rate in Illinois is 2.04%, which is above the national average. Streamwood has a population of 39,858 and offers a very affordable lifestyle.
Mortgage Rates in Other Illinois Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Streamwood, Illinois area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.