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Buying a Home / What are the difference between 10, 15 & 30-year fixed rates?

Loans / Fixed Rate Loans / What are the difference between 10, 15 & 30-year fixed rates?

Loans / What are the difference between 10, 15 & 30-year fixed rates?

What are the difference between 10, 15 & 30-year fixed rates?

These are the most common loan periods. If you have a shorter loan period (10 years as opposed to 15), your interest rate will be lower, but you’ll have higher monthly payments.

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What are the difference between 10, 15 & 30-year fixed rates?

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