The payments on this loan are fixed for the entire 15-year life of the loan. At the end of 15 years, the loan is fully paid off. Offers certainty in payments and interest rate over the entire life of the product. A 15-year term will typically result in higher payments than for a comparable 30-year mortgage loan.
Advantages of 15 Year Mortgage Rates
Typically has a lower rate, accumulates equity more rapidly and has lower total interest expense over the life of the loan than a traditional 30-year fixed mortgage.
Disadvantages of 15-Year Mortgage Rates
Monthly payment may be higher than fixed rate products with a longer term and ARMs.
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15-Year Refinance Mortgage Rates by State
Find 15-year refinance mortgage rates in your state.
- Refinance Rates Alabama
- Refinance Rates Alaska
- Refinance Rates Arizona
- Refinance Rates Arkansas
- Refinance Rates California
- Refinance Rates Colorado
- Refinance Rates Connecticut
- District of Columbia
- Refinance Rates Delaware
- Refinance Rates Florida
- Refinance Rates Georgia
- Refinance Rates Hawaii
- Refinance Rates Idaho
- Refinance Rates Illinois
- Refinance Rates Indiana
- Refinance Rates Iowa
- Refinance Rates Kansas
- Refinance Rates Kentucky
- Refinance Rates Louisiana
- Refinance Rates Maine
- Refinance Rates Maryland
- Rates in Massachusetts
- Refinance Rates Michigan
- Refinance Rates Minnesota
- Refinance Rates Mississippi
- Refinance Rates Missouri
- Refinance Rates Montana
- Refinance Rates Nebraska
- Refinance Rates Nevada
- Rates in New Hampshire
- Rates in New Jersey
- Rates in New Mexico
- Rates in New York
- Rates in North Carolina
- Rates in North Dakota
- Refinance Rates Ohio
- Refinance Rates Oklahoma
- Refinance Rates Oregon
- Rates in Pennsylvania
- Rates in Rhode Island
- Rates in South Carolina
- Rates in South Dakota
- Refinance Rates Tennessee
- Refinance Rates Texas
- Refinance Rates Utah
- Refinance Rates Vermont
- Refinance Rates Virginia
- Refinance Rates Washington
- Rates in West Virginia
- Refinance Rates Wisconsin
- Refinance Rates Wyoming
