30 Year fixed

30 Year fixed

A 30-year fixed mortgage is a loan with an interest rate that stays the same for the life of the loan. On a 30-year mortgage of $300,000 with a 20% down payment and an interest rate of 3.75%, the monthly payments would be about $1,111 (not including taxes and insurance). This could be the option for you if you are looking for lower monthly payments. Get started below.