15-Year Fixed Mortgage | Pay Off Faster & Save Interest
Purchase • Refinance

15-Year Fixed Mortgage

Own your home faster with a stable payment and big lifetime interest savings.

Why 15-Year Fixed?

  • Pay off the loan in half the time
  • Typically lower rate than a 30-year
  • Large interest savings over the life of the loan
  • Great for equity build & retirement planning

Eligibility at a glance

  • Credit & income per program guidelines
  • Primary, second home, or investment (varies by program)
  • Down payment from 3%+ (program-specific)
  • Closing costs/points optional to tailor payment

Rate, APR & Payment (example)

Sample: $400,000, 15-yr fixed. APR includes certain costs of credit; the note rate calculates principal & interest only. Taxes, insurance, and MI (if any) are not included. Illustrative only; not a lock or commitment.

FAQs

Is the payment higher than a 30-yr?
Yes, the term is shorter—but total interest paid is much lower.
Can I switch from 30-yr to 15-yr?
Yes—refinancing can change term and payment structure.
Can I pay extra?
Generally yes—extra principal payments reduce interest and term.

Get pre-approved (15-Year Fixed)

Disclosures:
Terms vary by borrower profile and market conditions. Underwriting approval required. Not a commitment to lend.