30-YEAR
FIXED LOANS
30-year fixed loans offer a fixed interest rate and I ower payments spread over 30 years.
30-year fixed loans offer a fixed interest rate and I ower payments spread over 30 years.
People who want lower monthly payments and an interest rate that never changes over the entire life of the loan. Read more about other benefits below.
You’ll pay off your mortgage in 30 years. Although you’ll pay more interest over the life of the loan compared to a 15-year fixed loan, your monthly payments will lower.
Because your interest rate is locked for the life for the life of your loan, your principal and interest payment won’t change over the life of your loan. The amount for your taxes and insurance can go up and down.
You may have to pay for mortgage insurance, depending on your down payment amount if your buying a home, or how much equity you have if your refinancing.
Apply online with Houz Mortgage or enter some
into to get a call from a Home Loan Expert. You’ll
get a personalized recommendation on which
loan option is best for you.
PRODUCT | RATE | APR |
---|---|---|
Conforming 15 Year Fixed |
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30-YEAR-FIXED-RATE MORTGAGE:
The payment on a $200,000 30-year Fixed-Rate Loan at 3.375% and 74.91% loan
-to-value (LTV) is $884.2 with 2.00 points due of closing. The Annual Percentage
Rate (APR) is 3.631%. Payment does not include taxes and insurance premiums. The
actual payment amount will be greater. Some state and country maximum loan
amount restriction may apply.
You’ll have to pay primary mortgage insurance (PMI) if your down payment is less than 20%.