15-Year Fixed-Rate Mortgage
Build equity faster and save thousands in interest. Own your home in half the time with lower rates.
Rates as low as shown. Your rate may vary based on credit and other factors.
Get Your Personalized RateBenefits of a 15-Year Mortgage
Why savvy homeowners choose the 15-year fixed
Lower Interest Rate
15-year mortgages typically have rates 0.25-0.5% lower than 30-year loans.
Build Equity Faster
More of each payment goes toward principal, building your equity quickly.
Save on Interest
Pay significantly less total interest over the life of your loan.
Own Your Home Sooner
Be mortgage-free in 15 years instead of 30.
See the Savings
On a $350,000 loan, here's how the numbers compare:
Monthly Payment
$2,871
15-year
vs $2,108 (30-year)
Total Interest
$166,000
15-year
vs $409,000 (30-year)
Interest Savings
$243,000
saved
with 15-year
Based on rates as of today. Actual savings will vary based on your specific rate and loan amount.
Is a 15-Year Mortgage Right for You?
Consider a 15-year if you:
- Can comfortably afford higher payments
- Want to minimize total interest paid
- Are refinancing and want faster payoff
- Want to be mortgage-free before retirement
Consider a 30-year if you:
- Prefer lower monthly payments
- Want more cash flow flexibility
- Plan to invest the payment difference
- Have other financial priorities
FAQ
15-Year Mortgage FAQs
Common questions about 15-year fixed-rate mortgages
Ready to save on interest?
See if a 15-year mortgage is right for you. Get your personalized rate today.