Milend professionals will help you get the fixed rate mortgage option that’s right for you.
What is the best option for a fixed rate mortgage?
There are several different options when it comes to fixed rate mortgages. Although the 30-year fixed rate has become the most popular, it may not be the best option for you.
A home loan for every situation.
Our friendly loan experts will take the time to understand your situation and recommend a term that will best fit your needs.
Discover the keys: We’ll show you how to save more money over the course of your loan.
The shorter the loan term, the lower the rate. Our chart below can walk you through the math.
Pay Less: Lock up more savings and pay less interest to the bank.
Find out how each fixed rate term could benefit you the most.
Save Time: Less time equals fewer payments.
Knock 10 years of payments off your loan by switching to a 20-year mortgage.
Let Us Show You the Math
This example is to illustrate the importance of the term in determining the right loan for you and your family. As you can see, the 30 year loan is the cheapest per month, but will cost you the most over the life of the loan.
30 yr fixed*
$494,640TOTAL AMOUNT PAID OVER THE LIFE OF THE LOAN
20 yr fixed*
$415,680 TOTAL AMOUNT PAID OVER THE LIFE OF THE LOAN
15 yr fixed*
$371,340TOTAL AMOUNT PAID OVER THE LIFE OF THE LOAN
*These are example rates and APRs. For current rates, please contact us here.
Lets Get Started
Are you ready to explore your loan options? Our home mortgage loan experts can help you weigh your choices.