Fixed Rate Mortgage Predictable, for the long haul.

One rate. One payment. The whole way through.

A fixed-rate mortgage locks your interest rate — and your principal-and-interest payment — for the entire term of the loan. Whether rates rise or fall in the years ahead, what you signed up for at closing is what you keep paying.

Predictable payments make budgeting easier and protect you from rising rates. The trade-off is you don't benefit if rates fall — refinancing is the path there.

Common terms

30-year fixed

The lowest monthly payment of any common term. You pay more interest over the life of the loan, but you keep cash flow flexible — useful for buyers who want to invest the difference, or who just want lower monthly stress.

15-year fixed

Higher monthly payment, but you'll be done in half the time and pay roughly half the lifetime interest. 15-year rates also tend to run lower than 30-year rates because lenders carry less duration risk.

20-year and 10-year

Less common but available. A 20-year splits the difference between 30 and 15. A 10-year is for borrowers who want to be mortgage-free fast and have the cash flow to support it.

How it works

• Your interest rate and principal-and-interest payment never change.
• Property tax and insurance escrow can change year-to-year — that's normal.
• No prepayment penalties — you can pay extra principal or pay off the loan whenever you want.
• Refinance later if rates drop significantly.

Want to see the math on different terms for your scenario? Get a quote and we'll model 30-, 20-, 15-, and 10-year side by side.

Get started today!

Tell us a little about your situation and we'll send personalized loan options within one business day.