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