A 15 Year Fixed Mortgage Rate Loan can Pay Off Your Home Faster
About 15 year fixed mortgage rates
15 year fixed mortgage rates are always about a half point lower than 30 year fixed mortgage rates. For example, if 30 year fixed mortgage rates are at 5%, then you can expect 15 year fixed mortgage rate loans to be around 4.5%.
In the first ten years of any mortgage loan, you are paying almost all interest. For example, on a mortgage loan of $200,000 at a fixed rate of 5% on a 30 year term, your fully amortized (principal and interest payment) will be $1073. Of that $1073, $833 is the interest payment.
Read rest of article 15 year fixed mortgage rates
comments
Leave a Reply
Ads & Traffic - FREE!!!
Internet Marketing- Post Videos from Your iPhone or iPad 03/02/2012Would you like to post videos to your blog while you’re on the go? Are you interested in a photography theme that’s also video-friendly? Well, look no further, because we have some news for you. The VideoPress upgrade, which allows you to upload and embed your own videos on your blog, now comfortably handles videos […]
- New Themes: Currents and Debut 02/02/2012Today, I’m excited to introduce the latest additions to our collection of premium themes. Designed by Andy Rutledge, Currents, is a responsive, minimal yet attractive premium theme from WooThemes. Currents is perfect for news driven sites. The phrase, “less is more” couldn’t be more true. This clean and minimal design maximises your reader’s focus on […]
- Import from Tumblr in 3 Easy Steps 02/02/2012We’ve recently noticed that a fair number of you have been bringing your tumblelogs over from Tumblr to WordPress.com using one of the variety of Tumblr to WXR conversion tools which exist on the web. We thought you would appreciate an easier way to import your content, so we bring you 3 easy steps to […]
- Post Videos from Your iPhone or iPad 03/02/2012