15 Year Mortgage Rates | 15 Year Fixed Mortgage | Total Mortgage

15-Year Fixed Rate Mortgage

Low Payments, Fixed Rate

Rates as low as:

RATE: 2.875%

APR: 3.256%

Don't wait! Contact us today to get started.

What is a 15-Year Fixed Rate Mortgage?

15-year fixed rate mortgages are very similar to 30-year fixed rate mortgages, but the shorter term life allows you to build equity in your home faster while minimizing the interest you pay throughout the life of the loan.

Advantages of a 15-Year fixed mortgage

  • Pay your loan off faster
  • Build equity in your home earlier
  • Pay less interest over the life of your loan
  • Lock in a consistent mortgage rate and monthly payment

How much can I save with a 15-year fixed mortgage?

The following scenario is based on a home value of $300,000 with 20% down and an interest rate of 4%. After 15 years:

Loan Term Monthly Pmt Interest Paid Interest Remaining Principal Remaining
15 Year Fixed $1,775 $79,545 $0 $0
30 Year Fixed $1,146 $121,146 $51,340 $153,902
Cash Difference $629 $41,601 $51,340 $154,902

Why pick Total Mortgage?

After 17 years of success, it's safe to say that we know what we are doing. Plus:

  • We have some of the lowest interest rates in the country, and we might be able to cut your mortgage payments considerably.
  • No pre-payment penalties, ever. Go on, pay off all of your debt as fast as you can. We promise not to get grumpy about it.
  • No pushy loan officers, just experienced professionals who will educate you as they help you get the financing that makes sense for you.

Think a 30-year fixed is right for you? Give us a call or fill out the form on the right to get started.

*Disclaimers:
Mortgage rates are volatile and subject to change without notice. All rates shown are for 30-day rate locks with two points for an owner-occupied primary residence unless otherwise noted. The APR for a 30-year conventional fixed-rate mortgage loan is calculated using a loan amount of $417,000, two points, a $495 application fee, $400 appraisal fee, $995 underwriting fee, a $10 flood certification fee, and a $20 credit report fee.* The APR for a 15-year conventional fixed-rate mortgage loan is calculated using a loan amount of $417,000, two points, a $495 application fee, $400 appraisal fee, $995 underwriting fee, a $10 flood certification fee, and a $20 credit report fee. 15-year conventional mortgage rates are calculated with a 15-year loan term.* The APR for jumbo mortgage rates is calculated using a loan amount of $500,000, two points, a $495 application fee, $400 appraisal fee, $995 underwriting fee, $10 flood certification fee, and a $20 credit report fee.* The APR for FHA mortgage rates is calculated using a loan amount of $295,000, two points, a $495 application fee, $400 appraisal fee, $995 underwriting fee, $10 flood certification fee, and a $20 credit report fee. Some rates and fees may vary by state.* The APR for adjustable rate mortgages (ARMs) is calculated using a loan amount of $417,000, two points, a $495 application fee, $400 appraisal fee, $995 underwriting fee, $10 flood certification fee and a $20 credit report fee. Some rates and fees may vary by state.* *Products are subject to availability on a state-by-state basis. All interest rates listed are for qualified applicants with 740 or higher FICO and 80 LTV over a 30-year loan term except where otherwise noted and are subject to mortgage approval with full documentation of income. By refinancing your existing loan, your total finance charge may be higher over the life of the loan.

A 15-Year Fixed Rate mortgage is a great twist on an industry standard. It allows you to:

  • Pay your loan off faster
  • Build equity in your home sooner
  • Pay less interest over the life of your loan
  • Lock-in a consistent mortgage rate and monthly payment

Why choose Total Mortgage?

  • We have some of the lowest interest rates in the country, which can help you save big over the course of your loan
  • We educate our borrowers as they move through the process
  • We’ll close your loans in 30 days or less, or we’ll pay your first mortgage payment*

*terms and conditions apply