Accelerated Payoff Option
Own Your Home Faster With a 15-Year Fixed Mortgage
A 15-year fixed mortgage is for homeowners ready to pay off their home in half the traditional time. Your interest rate locks in for the entire loan period, giving you the same predictability as longer terms but with a path to full ownership in just 15 years. Higher monthly payments are offset by the significant interest savings and the freedom of owning your home outright while you're still working toward retirement. If you're a seasoned homeowner with strong income stability or you're refinancing to shorten your payoff timeline, a 15-year mortgage can be a powerful tool for building long-term wealth. Your home becomes an asset free and clear much sooner, eliminating your largest monthly expense before you stop working. At Harbor Point Lending, we believe homeownership should work for your future, not against it. We help you evaluate whether a 15-year term makes sense for your cash flow and long-term goals, then structure a mortgage that accelerates your path to complete ownership.
15-Year Fixed Mortgage Rates
Explore 15-year mortgage rates across different loan sizes and borrower profiles. Shorter-term mortgages typically carry lower interest rates than longer terms. Your specific rate depends on your credit profile, down payment percentage, property details, and loan amount.
Rates as of
| Loan type | Rate | APR |
|---|---|---|
| Conventional 15-Year Fixed Standard option for qualified borrowers within conforming loan limits | 6.500% | 6.625% |
| Jumbo 15-Year Fixed For higher-value properties exceeding conforming loan limits | 5.750% | 5.900% |
| FHA 15-Year Fixed Government-backed program with streamlined qualification process | 6.250% | 7.125% |
Assumptions: Loan-to-value ratio of 80%, primary residence, full documentation. Rates reflect standard discount points for qualified borrowers. Final rate determined during underwriting and property appraisal.
This table is for informational purposes and does not constitute a lending offer. Rates may vary based on credit profile, down payment amount, property type, loan size, and prevailing market conditions. Rates are subject to change at any time. All products require credit approval and property appraisal. Some terms and conditions may apply. Contact a loan officer for details specific to your application.
The Benefits of Going 15 Years
A 15-year mortgage rewires your relationship with homeownership. Consider these advantages as you decide if this path is right for you.
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Significant Interest Savings
Pay off your home in half the time and save substantially on total interest. Your equity grows faster, and you'll own your home free and clear while still in your career.
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Build Wealth Faster
Accelerate your path to complete ownership and eliminate your largest monthly expense years earlier. A paid-off home becomes a powerful asset heading into retirement years.
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Fixed Rate Security
Your interest rate never changes for 15 years. You know exactly what you'll pay each month, with no surprises as markets fluctuate or your life circumstances change.
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15-Year Mortgage Calculator
Input your loan amount and estimated rate to calculate your monthly payment obligation. Keep in mind that your total monthly housing cost also includes property taxes, homeowners insurance, and possibly mortgage insurance depending on your down payment size.
Calculator results are estimates provided for illustrative purposes only and may not reflect actual loan terms. This is not a commitment to lend, a preapproval, or an offer of credit. Actual rates, payments, and costs depend on credit approval, satisfactory appraisal, and underwriting guidelines. Consult a licensed loan officer for details.