You can compare your costs with our 15- vs. 30-year mortgage calculator. Are 15-Year Mortgage Rates Lower Than 30-Year ... t make a down payment of at least 20% of the home’s purchase price ...

Rachel Witkowski is an award-winning journalist whose 20-year career ... costs with a 15-year vs. a 30-year loan as you weigh your options. Getting a good rate on your mortgage can save you ...

Text Callout : Key Takeaways - Is a 15- or 30-Year ... than with a 30-year mortgage. The trade-off is a higher monthly payment than a 30-year mortgage – at current rates, 20% or more.

Rates on new 30-year mortgages have ticked up a bit, rising only a handful of basis points above their cheapest level since December. Many other loan averages also climbed.

The average interest rate for a 30-year fixed mortgage is 6.85% as of December 26, and the interest rate for a 15-year fixed mortgage ... Assume you put down 20% ($84,000) and get a $336,000 ...

Rates on 30-year mortgages ticked up a minimal 1 basis point Friday after four days of decline, finishing the week at a 6.84% average. That's just barely above the cheapest level registered since ...

These are today's mortgage and refinance rates. Mortgage rates may only drop a little bit this year since the economy is still running strong.

On a $300,000 home with a 20% down payment ($60,000) and a 6% interest rate (the same for both loans), the monthly payment for a 30-year mortgage is $1,439, while a 15-year mortgage costs $2,025.

15-year mortgage vs. 30-year mortgage Because they're shorter ... In January, average 15-year fixed mortgage rates was 6.02%, up 20 basis points from the previous month's average, according ...

That said, rates are still lower than they were a year ago, and you might be thinking about entering the housing market as a result. Some people look at 15-year mortgages rather than a typical 30 ...