15-Year Fixed Mortgage

Make it yours—in less time.

Fast-track your future with this shorter-term fixed loan.

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15-Year Fixed Mortgage

If you have the finances to pull off a slightly larger payment each month, a shorter-term fixed-rate loan may be the way to go. Chances are, you’ll be able to pay off your home loan in half the time of a typical 30-year fixed-rate mortgage. That way, you’ll be able to focus on other things—like saving up for college funds or retirement.

 

Your payment is amortized over the term of the loan, meaning that your monthly payments towards the principal, interest, and escrows (if required) have been calculated to pay off the loan at the end of the loan term.

 

Features you’ll love:

  • Interest rates are most often lower than 30-year fixed rates
  • Your principal and interest won’t change over the life of the loan
  • There are no prepayment penalties
  • Application is online—it's easy

Mortgage Calculators

Mortgage Information

Learn more about the home buying process. Finding the right home and the right mortgage helps set a solid foundation for successful homeownership. We have the mortgage tools, information, and expertise to help you with the decisions you need to make along the way.

1The APR calculation is based on a 15-year fixed-rate mortgage in the amount of $240,000 for the purchase of a single-family, primary residence with 80% loan-to-value (LTV) or 20% down payment, minimum borrower credit score of 740, and estimated points and fees of 2.5% of the loan amount with 180 monthly payments in the amount of $1,614.45. Payment amount does not include taxes and insurance which means your monthly obligation will be greater. Actual payment amount will vary based upon credit history, rates in effect at the time of consummation, LTV and other credit factors. A LTV ratio above 80% may result in a need for mortgage insurance. If mortgage insurance is required, the amount of your payment will increase. The APR is subject to change at any time prior to consummation, and individual APRs may vary for loan purchases and loan refinances due to loan programs being offered, loan volume, or other factors.  All borrowers are subject to qualification, underwriting approval, lender terms and conditions.  Terms, conditions, and rates are subject to change without notice.
 
A mortgage expert will review and provide you the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.