Fixed-Rate Mortgage
A fixed-rate mortgage keeps the same interest rate — and the same principal-and-interest payment — for the entire loan, typically 15 or 30 years. It trades a slightly higher starting rate than an ARM for total predictability, the reason it's the most popular U.S. home loan.
A 30-year fixed keeps payments low and steady; a 15-year fixed carries a lower rate and builds equity far faster but with a higher monthly payment. Only taxes and insurance can change a fixed-rate payment over time, not the rate itself.
Put it to work
Mortgage Calculator
Estimate your monthly mortgage payment with taxes, insurance, PMI and HOA — plus total interest and a full amortization breakdown. Free, fast, no signup.
Amortization Calculator
Build a complete amortization schedule for any loan: payment, year-by-year principal vs interest split, and the effect of extra payments.
Mortgage Refinance Calculator
Should you refinance? Compare payments, find your break-even month on closing costs, and see the honest lifetime cost — including the term-reset trap.