Not sure what kind of a loan Is right for you?

Get Answers Online

See what your monthly payments might be with a 15-year fixed-rate mortgage.

Start Now
OR
Talk to an Expert

Not comfortable starting online? Talk to a Home Loan Expert to get the answers you’re looking for.

Talk Now

Learn More Before Getting Started

Lock in 15 years of home loan savings today! Call (800) 251-9080 or fill out the form to get started.

All Fields Required
Client Referral
About the Loan I May Be Interested I

Which Loan Fits You Best?

Refinance/Home Equity
Purchase

Tell Us About Yourself

How Shall We Get in Touch?

- -

(Secure / No Obligation / Free Expert Advice)

Today’s low 15-year fixed rates can mean major savings for you

  • Do you want to pay less interest over the course of your loan?
  • Do you want the security of a consistent rate and payment?
  • Do you want to pay off your mortgage faster?
If you answered “yes” to any of these questions, a 15-year fixed-rate mortgage might be right for you! Lower mortgage rates and a shorter term means less interest overall, making this loan a top choice for the financially savvy.

Example: $200,000 loan amount, paying 1.75 points, with 30% equity on today’s rate

Over the life of your loan,
a 15-year could save you:

$87,791
$338,571
$250,779

30-year fixed

3.875% (4.114 APR)

= $940 per month

15-year fixed

3.125% (3.505 APR)

= $1,393 per month

Why you should choose Quicken Loans

See where we’ve financed homes near you! Other Loans you might be interested in:

15-year fixed-rate mortgage qualification requirements

  • Refinance up to 97% of your primary home’s value
  • Buy a home with as little as 3% down (primary home)

How a 15-year fixed-rate mortgage works

  • Monthly payments based on interest rate, principal loan amount, and amortized interest over 15 years
  • Your payment will not change throughout the life of the loan
  • Your actual payment will vary based on your situation and the current interest rates when you apply
  • Pay your mortgage at any time without pre-payment penalties

Learn more about 15-year fixed-rate mortgages

Date Posted: 04/20/2015
  • Made it fast, simple, supportive, and very positive throughout.
    Read this Review

    Weldon P.

    Overall: 5 out of 5

Date Posted: 04/20/2015
  • Always able to get a response by email very quickly. Easy to do all in-home.
    Read this Review

    Carol C.

    Overall: 5 out of 5

Click here to read more reviews .

  • Quicken Loans was by far the best, so they financed my house. And I'm glad they did.

    Tom, California
Click to see our assumptions.
  • Mortgage rates could change daily.
  • Actual payments will vary based on your individual situation and current rates.
  • Some products may not be available in all states.
  • Some jumbo products may not be available to first time home buyers.
  • Lending services may not be available in all areas.
  • Some restrictions may apply.
  • Based on the purchase/refinance of a primary residence with no cash out at closing.
  • We assumed (unless otherwise noted) that: closing costs are paid out of pocket; this is your primary residence and is a single family home; debt-to-income ratio is less than 30%; and credit score is over 720, or in the case of certain Jumbo products we assume a credit score over 740; and an escrow account for the payment of taxes and insurance.
  • The lock period for your rate is 45 days.
  • The loan to value (LTV) ratio is 70%. If LTV > 80%, PMI will be added to your monthly mortgage payment, with the exception of Military/VA loans. Military/VA loans do not require PMI.
  • Please remember that we don’t have all your information. Therefore, the rate and payment results you see from this calculator may not reflect your actual situation. Quicken Loans offers a wide variety of loan options. You may still qualify for a loan even if your situation doesn’t match our assumptions. To get more accurate and personalized results, please call (800) 251-9080 to talk to one of our mortgage experts.
  • 30-Year Fixed-Rate Mortgage: The payment on a $200,000 30-year Fixed-Rate Loan at 3.875% and 70% loan-to-value (LTV) is $940.48 with 2 points due at closing. The Annual Percentage Rate (APR) is 4.114%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.

  • 15-Year Fixed-Rate Mortgage: The payment on a $200,000 15-year Fixed-Rate Loan at 3.125% and 70% loan-to-value (LTV) is $1393.22 with 1.75 points due at closing. The Annual Percentage Rate (APR) is 3.505%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.