Fixed Rate Mortgages

Fixed-Rate Mortgages

Fixed Rate Mortgages are the most popular type of home loan structure. With a fixed rate mortgage, you will pay the same monthly payment every month for the life of the loan—unlike adjustable rate mortgages, which adjust annually after the first five years to reflect current interest rates, which can increase or decrease the amount of a home’s monthly mortgage payment.

Find the mortgage type that’s right for you

Calculate your potential new monthly mortgage payment in seconds with this handy calculator so you can make sure you have enough money left over each month for all your other expenses. Choose your rate and term—you might be surprised to see how affordable it is to own your home in less time than you thought. See how much interest you’ll pay over the life of the loan, and enter prepayment amounts to calculate their impact on your mortgage.