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20 and 15 Year Fixed Rate Loans

20 and 15 Year Fixed Rate Loans
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Summary

Cut your interest costs with accelerated repayment of your mortgage. While monthly payments will be more than with a 30-year loan, your equity builds up faster and interest savings are significant.

Sample Scenarios:

For a 20 year loan, a $100,000 mortgage loan with a rate of 4.875% (APR 4.993%) and a 20% down payment ($25,000) on purchase price of $125,000 with no points, would have a monthly payment of $653.08 (principal & interest).*

For a 15 year loan, a $100,000 mortgage loan with a rate of 4.375% (APR 4.523%) and a 20% down payment ($25,000) on purchase price of $125,000 with no points, would have a monthly payment of $758.63 (principal & interest).*

* Stated rates and terms intended as examples only. Call (800) 422-3641 for current rates and terms.

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