A fixed-rate mortgage gives you predictability regardless of term. A 20-year fixed mortgage may be a good option for you if:
- You find the monthly payment on a 30-year mortgage low but the monthly payment on a 15-year mortgage too high. Visit our fixed-rate loan calculator to estimate your 20-year fixed mortgage monthly payment.
- You have at least 6 months of savings set aside for emergencies
- You have paid off all higher-interest debt
- You have maximized contributions to all tax-advantaged2 accounts
U.S. Bank offers a variety of loan terms and options. Our mortgage loan officers are dedicated to helping you choose the option that’s best for you.