Compare 15-Year Fixed Rates for Mar 30, 2026
Lower rates, less interest. 15-year fixed mortgages typically run 0.25%-0.75% below 30-year rates—and you pay off your home in half the time. Check your rate below and see how much you could save.
Ideal for buyers with strong income who want to build equity faster and be mortgage-free sooner. Many choose a 15-year when buying a second home or refinancing after building equity.
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Advantages
- ✓Lower interest rates than 30-year mortgages
- ✓Massive interest savings over loan lifetime
- ✓Build equity faster with larger principal payments
- ✓Mortgage-free in 15 years for retirement
Considerations
- •Higher monthly payment than 30-year loans
- •Stricter qualification due to payment size
- •Less budget flexibility for emergencies
- •Opportunity cost vs. investing elsewhere