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15 Year Fixed Mortgage
Rate
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A 15 year home loan offers the security of a fixed rate program coupled with
the accelerated pay down benefits of a shorter term product. Although fifteen
years may sound like a long time down the road, you would be amazed at how much
more of your payment gets put toward principle with this product rather than
that of a 40 year home loan or
30 year fixed rate mortgage
(especially at the earlier stages of the loan). Sure, your monthly payment will
be higher but the amount of interest paid over the course of the loan will be
significantly less. |
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| For Example:
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| 15 Year Fixed Rate at 5.50% |
| $150,000 Loan Amount
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| Monthly principal and interest payment: $1,225.63 |
| Total interest paid over the life of the loan:
$70,612.53 |
| Average monthly interest paid over the life of the
loan: $196.15 |
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| 30 Year Fixed at 5.75%
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| $150,000 Loan Amount |
| Monthly principal and interest payment: $875.36 |
| Total interest paid over the life of the loan:
$165,129.34 |
| Average monthly interest paid over the life of the
loan: $458.69 |
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| Total interest saved by choosing a 15 Year
Fixed Mortgage: $94,516.81
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Best 15 Year Fixed Rate
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| AAXA’s wholesale investors continually offer us
the some of the best 15 year mortgage pricing in the industry. Due to our sheer
volume of business, we receive pricing incentives which we, in turn, pass along
to our clients. Our 15 year fixed mortgage rates are posted online in the
Mortgage Quote Section of our web site. We also offer 100% financing,
15 year mortgage programs for clients with both good and bad credit. You can
contact an AAXA loan advisor at 877-RATE-LOW (877-728-3569) or apply using our
online mortgage application. We will be able to provide you with a 15
year fixed mortgage rate quote in a matter of minutes. Also, be sure to ask
your loan advisor for a Good Faith Estimate of closing costs and
Truth-In-Lending disclosure of the estimated APR of the 15 year home loan. |
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| Other fixed rate products:
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10 Year Fixed Mortgage Rate
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20 Year Fixed Rate Mortgage
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30 Year Fixed Mortgage Rate
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40 Year Fixed Mortgage Rate
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50
Year Mortgage
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