20
Year Fixed Mortgages
If you are not sure that you can afford the payments
of a 15 year fixed mortgage or you do not want to
stretch your loan out to a 30 year fixed or 40 year
fixed rate product, then a 20 year mortgage program
might be right for you. 20 year home loan programs
have become increasingly more popular in recent years
by providing a happy medium between long term and
short term fixed rate products. Typically, the rates
for these loans fall somewhere between their 15 year
mortgage and 30 year fixed counterparts.
Request 20 year mortgage rates (options):
1. Call 877-728-3569 for a free quote.
2. Complete the AAXA Rate Quote Form on this
page.
3. Fill out a no obligation mortgage
application.
Let's take a look at a sample scenario of how a
20 year fixed rate mortgage may stack up against other
fixed programs - Sample Fixed Rate Mortgage Loan Criteria:
20 Year Mortgage
5.75% Mortgage Rate
$125,000 Loan
Monthly principal and interest payment: $877.60
Total Interest Paid over life of loan: $85,625.05
30 Year Mortgage
$125,000 Loan
5.875% Mortgage Rate
Monthly principal and interest payment: $739.82
Total Interest Paid over life of loan: $141,335.81
15 Year Mortgage
$125,000
5.625% Mortgage Rate
Monthly principal and interest payment: $1030.00
Total Interest Paid over life of loan: $60,399.61
With the 20 year home loan, you shave off some of
your monthly payment compared to the 15 year fixed.
Plus, you save tens of thousands of dollars in interest
by shortening the term of the loan from a 30 year
program.
Shopping for some of the best 20 year fixed mortgage
rates with AAXA
When is comes to some of the best 20 year fixed rates
on the market, look no further than AAXA Discount Mortgage.
We work with a select group of the country’s top
wholesale lenders so that we can offer our clients great
low rates and a wide variety of financing options. Give
us a call today at 877-RATE-LOW (877-728-3569) for a
free consultation. You can also apply for a loan using
our
online
mortgage application.
Other fixed rate products:
10
Year Fixed Mortgage Rate
15
Year Mortgage Programs
30
Year Fixed Mortgage Rate
40
Year Fixed Mortgage Rate
