If the principal balance on your house is $210,000 at 4.52 percent interest for a 30-year fixed rate mortgage, then your monthly payments will be $1,070. If you half the mortgage term to 15 years, using today's average rate of 3.83 percent on a 15-year mortgage, you'll owe $1,755 per month.
Use this free tool to figure your monthly payments on a 15–year FRM for a given loan amount. Current 15–year home loan rates are shown beneath the calculator
Shopping for the lowest 15–year rates? Check out current mortgage rates and save money by comparing your free, customized home loan rates from NerdWallet.
Assuming a $200,000 loan with interest rates of 6% for a 30 year and 5.25% for a 15 year, after just five years a borrower with a 15 year will have $35,000 more equity in their home than a person with a 30-year.
Compare today's 15 year fixed mortgage rates from top mortgage lenders.. Rates. Purchase Refinance. . Best for low monthly payments over a longer period.
Here are the latest average 15–year fixed rates from multiple lenders who. rate will never change for the duration of the loan, unless you refinance with. . Here are some tactics to help you find the best mortgage rate for your new home loan.
View daily mortgage and refinance interest rates for a variety of mortgage products, and learn how we can help. 15–Year Fixed-Rate Jumbo, 4.125%, 4.24