Mortgage Calculator.

25 Year Fixed Rate Mortgage Loan Calculator

This calculator figures monthly mortgage payments based on the principal amount borrowed, the length of the loan and the annual interest rate. This calculator will also figure your total monthly mortgage payment which will include your property tax, property insurance and PMI payments. Then, once you have computed the monthly payment, click on the "Create Amortization Schedule" button to create a report you can print out.

This calculator defaults to a 25-year loan term.

Home Price & Downpayment Amount
Home value:
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Mortgage loan amount:
Mortgage Structure Terms
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Annual interest rate (APR %):
PMI rate (%):
Loan Closing Costs Amount
Discount Points:
Origination Points:
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Other Closing Costs:
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Other Ownership Costs Amount
Annual real estate taxes:
Annual homeowners insurance:
Monthly HOA Fees:
Your Mortgage Payment Results Amount
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Monthly Taxes, Insurance and PMI payment:
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Total closing costs:
Total amount borrowed:
Total interest paid over loan term:
Want to Create A Printable Amortization Schedule?
Loan origination date:

Things to Consider Before Choosing a 25-Year Fixed-Rate Mortgage

Couple saving for their dream house.

Shopping around for a new home can get daunting. Aside from qualifying for a loan, you must make sure you have enough funds to cover the costs. On top of this, you must find a favorable deal that will help you save on a long-term loan.

Out of many types of mortgages, the most common is the 30-year fixed-rate loan. Then, there are shorter terms like a 15-year fixed-rate term and a 10-year fixed mortgage. However, did you know it’s possible to obtain a 25-year fixed-rate loan?

Before you choose this option, here are a couple of factors to consider. Read on to learn more about 25-year fixed-rate loans, what they’re commonly used for, and their pros and cons.

What is a 25-Year Fixed-Rate Mortgage?

A 25-year fixed-rate loan is a financing option that’s paid with a locked interest rate for 25 years. This means your monthly mortgage payments remain the same throughout the entire loan. Except for property taxes and mortgage insurance costs, you don’t need to worry about increasing monthly payments. This option is often used as a loan purchase tool, though it’s not commonly chosen by many buyers in the U.S.

Choosing a 25-year fixed mortgage over a 30-year fixed term may not seem very different. However, slashing off 5 years from your payment term still saves a substantial amount on interest costs. Furthermore, interest rates for a 25-year fixed mortgage may be slightly lower. Therefore, monthly payments for a 25-year fixed mortgage is still more affordable than a 15 or 20-year fixed term.

 

How Popular are 25-Year Fixed-Rate Loans?

The 25-year fixed-rate mortgage is one of the least popular types of residential loan financing in the U.S. In a study published by the Urban Institute, 30-year fixed-rate loans remain the most purchased mortgage product, with 77 percent of new originations in April 2020. This is based on their June 2020 Housing Finance at a Glance: A Monthly Chartbook.

On the other hand, 15-year fixed rate loans account for 14.2 percent of new mortgages in April 2020. Meanwhile, ARMs accounted for 2.7 percent of new loan originations in April 2020. Finally, the study mentions an “Other” category which represent around 6.1 percent of the market. This includes other types of loans, such as 25-year fixed mortgages, as well as 20-year and 10-year loans.

Very few buyers in America obtain 25-year fixed mortgages. More borrowers tend to get 30-year fixed-rate loans because it’s easier to qualify for a longer term offering lower monthly payments. A 25-year fixed-rate loan is more common in other countries such as the United Kingdom and Canada. In other countries, the 25-year term is also structured as a variable rate loan.

Variable Rate Loans

Also known as adjustable rate mortgages (ARM), variable rate loans come with an introductory rate. ARM is fixed during the first couple of years of the loan. Once this introductory period is done, the rate adjusts annually according to the market index. ARMs are structured in different terms, such as 3/1. 5/1, 7/10, or 10/1 ARM.

 

For example, for a 5/1 ARM, you’ll pay a fixed rate for the first 5 years. After this period, your rate is scheduled to reset annually for the entire life of the loan. If you agree to 25-year payment term, you’ll pay a fixed rate for the first 5 years, after which your rate resets annually for 20 years. If the rate increases, your monthly payments will get higher. Meanwhile, if the rate drops, your payments will also be minimized.

U.S. Borrowers Prefer Fixed Rate Loans

Majority of homebuyers in the U.S. prefer fixed-rate loans to avoid increasing payments. ARMs are better suited for financially stable borrowers who can afford the risk of increasing loan payments. Likewise, when rates reduce, they can take advantage of significant savings.

Types of Mortgage That Offer 25-Year Fixed-Rate Loans

Different kinds of houses.

While not all lenders offer 20-year fixed mortgages, you may find them in the following types of conventional loans and government-insured mortgages:

Conforming Conventional Loans

Conventional loans are type of home financing that’s offered by private lenders like mortgage companies, banks, and credit unions. They are not federally sponsored by the government. Only borrowers with a minimum credit score of 650 are eligible for a conventional loan. This option is well suited for high income buyers with good credit scores and a reliable source of funds.

A conventional loan is classified as a conforming conventional loan when it follows federal financing limits. For example, if the conforming limit is set at $510,400 for a single-unit home, and your loan is $350,000, your mortgage is a conventional loan. However, if your loan exceeds the limit, it’s referred to as a non-conforming loan or a jumbo mortgage.

Private Mortgage Insurance (PMI)

Under a conventional loan, if you make a downpayment lower than 20 percent of the home’s price, you are required to pay a private mortgage insurance. This premium is rolled into your monthly payment or is paid in closing.

But the good news is lenders must automatically remove PMI once your mortgage balance reaches 78 percent. It is also canceled when you’ve paid off half of your amortization schedule.

 

Government-backed Housing Loans

Government-sponsored loans, as the name suggests, are federally-backed mortgages. These loans enable low to moderate-income borrowers purchase property that they otherwise cannot afford. It’s especially attractive to first-time homebuyers who are still building their savings. For example, you can qualify for an FHA loan even if you have a credit score of 500, as long as you make a 10 percent downpayment.

Buyers can choose from the following government-backed housing loans:

  • The Federal Housing Administration backs FHA loans
  • The U.S. Department of Agriculture backs USDA loans
  • The U.S. Department of Veterans Affairs backs VA loans
  • Conventional loans are not directly backed by the Federal government. Instead they are typically backed by Fannie Mae & Freddie Mac, which are government sponsored entities (GSEs).

Mortgage Insurance Premium (MIP)

Federally backed loans such as USDA and FHA charge a mortgage insurance premium if your loan balance is more than 80 percent of your home’s value. MIP is required to offset the low downpayment and zero downpayment option granted by government-sponsored loans. This premium accounts for 0.80 to 0.85 percent of the loan.

MIP is rolled into your monthly payment, making your mortgage expenses more costly. As a rule, MIP cannot be canceled and must be paid for the entire duration of the loan. The only way to eliminate MIP is to refinance to a conventional loan.

 

Why Some Buyers Choose a 25-Year Fixed Mortgage

A shorter loan is still more beneficial compared to a 30-year fixed term. This option removes 5 years worth of interest payments compared to a 30-year loan. It also allows you to obtain more affordable payments compared to a 15-year fixed mortgage.

For the few who choose this option, it helps reduce interest charges. Five years off a 30-year term translates to considerable savings. A slightly lower interest rate can help you save too. And if you cannot afford to refinance, you’d still pay off your loan 5 years earlier than a 30-year fixed mortgage.

How does a 25-year fixed mortgage work? The table below compares a 25-year fixed-rate loan alongside a 30-year and a 15-year fixed loan. Let’s suppose you made a 20 percent downpayment and borrowed $340,000.

Loan Amount: $340,000

Loan Term 30-Year FRM 25-Year FRM 15-Year FRM
Interest rate (APR)3.8%3.69%3.4%
Monthly payment$1,584.25$1,736.96$2,413.94
Total interest$230,331.80$181,088.65$94,508.90

In the example above, notice how payments are larger as the loan term shortens. Meanwhile, interest rates decrease with a shorter term. The 30-year fixed mortgage has a monthly payment of $1,584.25, which is the cheapest among the three terms. However, it also generates the most interest cost at $230,331.80.

With a 25-year fixed loan term, you spend $1,736.96 a month, which adds $152.71 to your monthly payments. This is considerably more affordable compared to a 15-year fixed term, with a monthly payment of $2,413.94. That’s $829.69 more costly than a 30-year fixed mortgage payment.

When it comes to interest costs, you save $49,243.15 with a 25-year fixed mortgage. That’s a huge amount that can go towards savings, emergencies, and other important expenses. Likewise, you’ll save more interest costs with a 15-year fixed term, with total interest savings of $135,822.90.

This example shows you’ll still make significant savings with a 25-year fixed term. However, only if you can afford it, it’s better to pay off your mortgage with a much shorter term.

The Benefits and Drawbacks of a 25-Year-Fixed Loan

Office man thinking about bills.

Taking a 25-year fixed mortgage will help you save a substantial amount on interest charges. It helps remove 5 years on a 30-year term. However, it may be difficult to find a lender that offers 25-year fixed terms.

Generally, if you can afford it, it’s better to take a shorter term instead. Furthermore, you can make extra payments to reduce a 30-year term. Additional payments decrease your outstanding balance and help shorten your term.

The table below details the benefits and disadvantages of a 25-year fixed mortgage:

BenefitsDrawbacks
More affordable monthly payment compared to a 15-year fixed termThe monthly payment is slightly higher compared to a 30-year fixed mortgage
Slightly lower interest rateThe interest rate is not as low as a 15-year fixed-rate term
Pay down your loan 5 years earlier than a 30-year fixed mortgageShorter terms such as a 15 or 20-year loan pays down your mortgage faster/gain equity faster
Save thousands of dollars on interest charges compared to a 30-year fixed loanYou’ll save more in total interest costs if with a shorter term
The long loan term allows you to qualify for a larger loan compared to a shorter termYou’ll build equity slower with the long loan term.

Again, if you cannot obtain a 25-year fixed loan, you can make additional payments to reduce your term. Making extra payments help reduce your outstanding balance, most especially during the beginning of your loan.

Beware of Prepayment Penalties

Take note of any prepayment penalties you may incur. To avoid expensive penalty fees, ask your lender before making extra payments. In some cases, lenders may allow you to prepay your loan up to 20 percent before charging prepayment penalty.

The table example below shows how much you can add to your monthly payments to trim years off a 30-year fixed rate loan.

  • 30-Year Fixed Mortgage
  • Loan Amount: $340,000
  • APR: 3.8%
LoanMonthly paymentExtra $95.47Extra $173.06
Monthly payment$1,584.25$1,679.72$1,757.31
Loan term30 years27 years25 years
Total interest$230,331.80$204,228.62$187,193.69

Based on the table, a $1,584.25 monthly payment is needed to pay off a 30-year mortgage. But if you make an extra payment of $95.47 each month, you can reduce your loan term to 27 years. You’ll pay off your loan 3 years earlier while saving $26,099.71 in interest charges. Meanwhile, to pay off your loan in 25 years, you must make an additional payment of $173.06 each month. This will save you $43,134.64 in overall interest costs.

Notes on Refinancing

If you want a shorter term but cannot afford it, you can later qualify for refinancing to trim down your payment term. Homeowners can refinance to a 15 or 20-year fixed mortgage. Mortgage refinancing is taking out a new loan to replacfe your current mortgage.

You must have a credit score of at least 620 to qualify. A higher credit score of 740 helps you obtain the most competitive rate. Moreover, refinancing is expensive and can cost around 2 to 6 percent of your loan. To offset this expense, homeowners are traditionally advised to refinance when rates are 2 percentage points lower.

 

Loan Amortization

Monthly payment schedule.

Fixed-rate loans follow a traditional amortization schedule. This is a table which breaks down your monthly mortgage payments, showing how much is applied to your principal and interest. Your amortization schedule shows how many payments you must make to pay off your loan.

  • Principal – Also referred to as the outstanding balance, this is the amount you owe your lender. The larger your principal, the higher interest charges accrue.
  • Interest – This is the payment your lender charges to provide your loan. Higher interest charges accrue the longer it takes to pay off your loan.

Estimate Your PITI

Apart from your principal and interest payments, don’t forget to factor in property taxes and mortgage insurance. Taken collectively, this is referred to as PITI – Principal, Interest, Taxes, and Insurance. To determine the total cost of your monthly payments, you must estimate your PITI costs.

In the first years of your loan, a larger portion of your monthly payment is applied to interest rather than the principal . But halfway through your mortgage, interest payments decrease and majority of your payments are applied to the principal. As long as you don’t miss payments, you should pay down your mortgage within 25 years.

To generate an amortization schedule for a 25-year fixed-rate loan, use our calculator above.

The following table shows the amortization on a 25-year $300,000 home loan at 3.1% APR for a loan that begins next year. On this example loan, payments being on January 31, 2021 for a loan originated on December 31, 2020.

You can generate a similar printable table using the above calculator by clicking on the [Inline Schedule] button. If you would like to print out your amortization schedule please click on the [Printable Schedule] button.

PMNTDate Payment Principal Interest Balance
1 Jan 31, 2021 $1,438.29 $663.29 $775.00 $299,336.71
2 Feb 28, 2021 $1,438.29 $665.00 $773.29 $298,671.71
3 Mar 31, 2021 $1,438.29 $666.72 $771.57 $298,004.99
4 Apr 30, 2021 $1,438.29 $668.44 $769.85 $297,336.55
5 May 31, 2021 $1,438.29 $670.17 $768.12 $296,666.38
6 Jun 30, 2021 $1,438.29 $671.90 $766.39 $295,994.48
7 Jul 31, 2021 $1,438.29 $673.64 $764.65 $295,320.84
8 Aug 31, 2021 $1,438.29 $675.38 $762.91 $294,645.46
9 Sep 30, 2021 $1,438.29 $677.12 $761.17 $293,968.34
10 Oct 31, 2021 $1,438.29 $678.87 $759.42 $293,289.47
11 Nov 30, 2021 $1,438.29 $680.63 $757.66 $292,608.84
12 Dec 31, 2021 $1,438.29 $682.38 $755.91 $291,926.46
Year 2021 $17,259.48 $8,073.54 $9,185.94 $291,926.46
13 Jan 31, 2022 $1,438.29 $684.15 $754.14 $291,242.31
14 Feb 28, 2022 $1,438.29 $685.91 $752.38 $290,556.40
15 Mar 31, 2022 $1,438.29 $687.69 $750.60 $289,868.71
16 Apr 30, 2022 $1,438.29 $689.46 $748.83 $289,179.25
17 May 31, 2022 $1,438.29 $691.24 $747.05 $288,488.01
18 Jun 30, 2022 $1,438.29 $693.03 $745.26 $287,794.98
19 Jul 31, 2022 $1,438.29 $694.82 $743.47 $287,100.16
20 Aug 31, 2022 $1,438.29 $696.61 $741.68 $286,403.55
21 Sep 30, 2022 $1,438.29 $698.41 $739.88 $285,705.14
22 Oct 31, 2022 $1,438.29 $700.22 $738.07 $285,004.92
23 Nov 30, 2022 $1,438.29 $702.03 $736.26 $284,302.89
24 Dec 31, 2022 $1,438.29 $703.84 $734.45 $283,599.05
Year 2022 $17,259.48 $8,327.41 $8,932.07 $283,599.05
25 Jan 31, 2023 $1,438.29 $705.66 $732.63 $282,893.39
26 Feb 28, 2023 $1,438.29 $707.48 $730.81 $282,185.91
27 Mar 31, 2023 $1,438.29 $709.31 $728.98 $281,476.60
28 Apr 30, 2023 $1,438.29 $711.14 $727.15 $280,765.46
29 May 31, 2023 $1,438.29 $712.98 $725.31 $280,052.48
30 Jun 30, 2023 $1,438.29 $714.82 $723.47 $279,337.66
31 Jul 31, 2023 $1,438.29 $716.67 $721.62 $278,620.99
32 Aug 31, 2023 $1,438.29 $718.52 $719.77 $277,902.47
33 Sep 30, 2023 $1,438.29 $720.38 $717.91 $277,182.09
34 Oct 31, 2023 $1,438.29 $722.24 $716.05 $276,459.85
35 Nov 30, 2023 $1,438.29 $724.10 $714.19 $275,735.75
36 Dec 31, 2023 $1,438.29 $725.97 $712.32 $275,009.78
Year 2023 $17,259.48 $8,589.27 $8,670.21 $275,009.78
37 Jan 31, 2024 $1,438.29 $727.85 $710.44 $274,281.93
38 Feb 28, 2024 $1,438.29 $729.73 $708.56 $273,552.20
39 Mar 31, 2024 $1,438.29 $731.61 $706.68 $272,820.59
40 Apr 30, 2024 $1,438.29 $733.50 $704.79 $272,087.09
41 May 31, 2024 $1,438.29 $735.40 $702.89 $271,351.69
42 Jun 30, 2024 $1,438.29 $737.30 $700.99 $270,614.39
43 Jul 31, 2024 $1,438.29 $739.20 $699.09 $269,875.19
44 Aug 31, 2024 $1,438.29 $741.11 $697.18 $269,134.08
45 Sep 30, 2024 $1,438.29 $743.03 $695.26 $268,391.05
46 Oct 31, 2024 $1,438.29 $744.95 $693.34 $267,646.10
47 Nov 30, 2024 $1,438.29 $746.87 $691.42 $266,899.23
48 Dec 31, 2024 $1,438.29 $748.80 $689.49 $266,150.43
Year 2024 $17,259.48 $8,859.35 $8,400.13 $266,150.43
49 Jan 31, 2025 $1,438.29 $750.73 $687.56 $265,399.70
50 Feb 28, 2025 $1,438.29 $752.67 $685.62 $264,647.03
51 Mar 31, 2025 $1,438.29 $754.62 $683.67 $263,892.41
52 Apr 30, 2025 $1,438.29 $756.57 $681.72 $263,135.84
53 May 31, 2025 $1,438.29 $758.52 $679.77 $262,377.32
54 Jun 30, 2025 $1,438.29 $760.48 $677.81 $261,616.84
55 Jul 31, 2025 $1,438.29 $762.45 $675.84 $260,854.39
56 Aug 31, 2025 $1,438.29 $764.42 $673.87 $260,089.97
57 Sep 30, 2025 $1,438.29 $766.39 $671.90 $259,323.58
58 Oct 31, 2025 $1,438.29 $768.37 $669.92 $258,555.21
59 Nov 30, 2025 $1,438.29 $770.36 $667.93 $257,784.85
60 Dec 31, 2025 $1,438.29 $772.35 $665.94 $257,012.50
Year 2025 $17,259.48 $9,137.93 $8,121.55 $257,012.50
61 Jan 31, 2026 $1,438.29 $774.34 $663.95 $256,238.16
62 Feb 28, 2026 $1,438.29 $776.34 $661.95 $255,461.82
63 Mar 31, 2026 $1,438.29 $778.35 $659.94 $254,683.47
64 Apr 30, 2026 $1,438.29 $780.36 $657.93 $253,903.11
65 May 31, 2026 $1,438.29 $782.37 $655.92 $253,120.74
66 Jun 30, 2026 $1,438.29 $784.39 $653.90 $252,336.35
67 Jul 31, 2026 $1,438.29 $786.42 $651.87 $251,549.93
68 Aug 31, 2026 $1,438.29 $788.45 $649.84 $250,761.48
69 Sep 30, 2026 $1,438.29 $790.49 $647.80 $249,970.99
70 Oct 31, 2026 $1,438.29 $792.53 $645.76 $249,178.46
71 Nov 30, 2026 $1,438.29 $794.58 $643.71 $248,383.88
72 Dec 31, 2026 $1,438.29 $796.63 $641.66 $247,587.25
Year 2026 $17,259.48 $9,425.25 $7,834.23 $247,587.25
73 Jan 31, 2027 $1,438.29 $798.69 $639.60 $246,788.56
74 Feb 28, 2027 $1,438.29 $800.75 $637.54 $245,987.81
75 Mar 31, 2027 $1,438.29 $802.82 $635.47 $245,184.99
76 Apr 30, 2027 $1,438.29 $804.90 $633.39 $244,380.09
77 May 31, 2027 $1,438.29 $806.97 $631.32 $243,573.12
78 Jun 30, 2027 $1,438.29 $809.06 $629.23 $242,764.06
79 Jul 31, 2027 $1,438.29 $811.15 $627.14 $241,952.91
80 Aug 31, 2027 $1,438.29 $813.24 $625.05 $241,139.67
81 Sep 30, 2027 $1,438.29 $815.35 $622.94 $240,324.32
82 Oct 31, 2027 $1,438.29 $817.45 $620.84 $239,506.87
83 Nov 30, 2027 $1,438.29 $819.56 $618.73 $238,687.31
84 Dec 31, 2027 $1,438.29 $821.68 $616.61 $237,865.63
Year 2027 $17,259.48 $9,721.62 $7,537.86 $237,865.63
85 Jan 31, 2028 $1,438.29 $823.80 $614.49 $237,041.83
86 Feb 28, 2028 $1,438.29 $825.93 $612.36 $236,215.90
87 Mar 31, 2028 $1,438.29 $828.07 $610.22 $235,387.83
88 Apr 30, 2028 $1,438.29 $830.20 $608.09 $234,557.63
89 May 31, 2028 $1,438.29 $832.35 $605.94 $233,725.28
90 Jun 30, 2028 $1,438.29 $834.50 $603.79 $232,890.78
91 Jul 31, 2028 $1,438.29 $836.66 $601.63 $232,054.12
92 Aug 31, 2028 $1,438.29 $838.82 $599.47 $231,215.30
93 Sep 30, 2028 $1,438.29 $840.98 $597.31 $230,374.32
94 Oct 31, 2028 $1,438.29 $843.16 $595.13 $229,531.16
95 Nov 30, 2028 $1,438.29 $845.33 $592.96 $228,685.83
96 Dec 31, 2028 $1,438.29 $847.52 $590.77 $227,838.31
Year 2028 $17,259.48 $10,027.32 $7,232.16 $227,838.31
97 Jan 31, 2029 $1,438.29 $849.71 $588.58 $226,988.60
98 Feb 28, 2029 $1,438.29 $851.90 $586.39 $226,136.70
99 Mar 31, 2029 $1,438.29 $854.10 $584.19 $225,282.60
100 Apr 30, 2029 $1,438.29 $856.31 $581.98 $224,426.29
101 May 31, 2029 $1,438.29 $858.52 $579.77 $223,567.77
102 Jun 30, 2029 $1,438.29 $860.74 $577.55 $222,707.03
103 Jul 31, 2029 $1,438.29 $862.96 $575.33 $221,844.07
104 Aug 31, 2029 $1,438.29 $865.19 $573.10 $220,978.88
105 Sep 30, 2029 $1,438.29 $867.43 $570.86 $220,111.45
106 Oct 31, 2029 $1,438.29 $869.67 $568.62 $219,241.78
107 Nov 30, 2029 $1,438.29 $871.92 $566.37 $218,369.86
108 Dec 31, 2029 $1,438.29 $874.17 $564.12 $217,495.69
Year 2029 $17,259.48 $10,342.62 $6,916.86 $217,495.69
109 Jan 31, 2030 $1,438.29 $876.43 $561.86 $216,619.26
110 Feb 28, 2030 $1,438.29 $878.69 $559.60 $215,740.57
111 Mar 31, 2030 $1,438.29 $880.96 $557.33 $214,859.61
112 Apr 30, 2030 $1,438.29 $883.24 $555.05 $213,976.37
113 May 31, 2030 $1,438.29 $885.52 $552.77 $213,090.85
114 Jun 30, 2030 $1,438.29 $887.81 $550.48 $212,203.04
115 Jul 31, 2030 $1,438.29 $890.10 $548.19 $211,312.94
116 Aug 31, 2030 $1,438.29 $892.40 $545.89 $210,420.54
117 Sep 30, 2030 $1,438.29 $894.70 $543.59 $209,525.84
118 Oct 31, 2030 $1,438.29 $897.01 $541.28 $208,628.83
119 Nov 30, 2030 $1,438.29 $899.33 $538.96 $207,729.50
120 Dec 31, 2030 $1,438.29 $901.66 $536.63 $206,827.84
Year 2030 $17,259.48 $10,667.85 $6,591.63 $206,827.84
121 Jan 31, 2031 $1,438.29 $903.98 $534.31 $205,923.86
122 Feb 28, 2031 $1,438.29 $906.32 $531.97 $205,017.54
123 Mar 31, 2031 $1,438.29 $908.66 $529.63 $204,108.88
124 Apr 30, 2031 $1,438.29 $911.01 $527.28 $203,197.87
125 May 31, 2031 $1,438.29 $913.36 $524.93 $202,284.51
126 Jun 30, 2031 $1,438.29 $915.72 $522.57 $201,368.79
127 Jul 31, 2031 $1,438.29 $918.09 $520.20 $200,450.70
128 Aug 31, 2031 $1,438.29 $920.46 $517.83 $199,530.24
129 Sep 30, 2031 $1,438.29 $922.84 $515.45 $198,607.40
130 Oct 31, 2031 $1,438.29 $925.22 $513.07 $197,682.18
131 Nov 30, 2031 $1,438.29 $927.61 $510.68 $196,754.57
132 Dec 31, 2031 $1,438.29 $930.01 $508.28 $195,824.56
Year 2031 $17,259.48 $11,003.28 $6,256.20 $195,824.56
133 Jan 31, 2032 $1,438.29 $932.41 $505.88 $194,892.15
134 Feb 28, 2032 $1,438.29 $934.82 $503.47 $193,957.33
135 Mar 31, 2032 $1,438.29 $937.23 $501.06 $193,020.10
136 Apr 30, 2032 $1,438.29 $939.65 $498.64 $192,080.45
137 May 31, 2032 $1,438.29 $942.08 $496.21 $191,138.37
138 Jun 30, 2032 $1,438.29 $944.52 $493.77 $190,193.85
139 Jul 31, 2032 $1,438.29 $946.96 $491.33 $189,246.89
140 Aug 31, 2032 $1,438.29 $949.40 $488.89 $188,297.49
141 Sep 30, 2032 $1,438.29 $951.85 $486.44 $187,345.64
142 Oct 31, 2032 $1,438.29 $954.31 $483.98 $186,391.33
143 Nov 30, 2032 $1,438.29 $956.78 $481.51 $185,434.55
144 Dec 31, 2032 $1,438.29 $959.25 $479.04 $184,475.30
Year 2032 $17,259.48 $11,349.26 $5,910.22 $184,475.30
145 Jan 31, 2033 $1,438.29 $961.73 $476.56 $183,513.57
146 Feb 28, 2033 $1,438.29 $964.21 $474.08 $182,549.36
147 Mar 31, 2033 $1,438.29 $966.70 $471.59 $181,582.66
148 Apr 30, 2033 $1,438.29 $969.20 $469.09 $180,613.46
149 May 31, 2033 $1,438.29 $971.71 $466.58 $179,641.75
150 Jun 30, 2033 $1,438.29 $974.22 $464.07 $178,667.53
151 Jul 31, 2033 $1,438.29 $976.73 $461.56 $177,690.80
152 Aug 31, 2033 $1,438.29 $979.26 $459.03 $176,711.54
153 Sep 30, 2033 $1,438.29 $981.79 $456.50 $175,729.75
154 Oct 31, 2033 $1,438.29 $984.32 $453.97 $174,745.43
155 Nov 30, 2033 $1,438.29 $986.86 $451.43 $173,758.57
156 Dec 31, 2033 $1,438.29 $989.41 $448.88 $172,769.16
Year 2033 $17,259.48 $11,706.14 $5,553.34 $172,769.16
157 Jan 31, 2034 $1,438.29 $991.97 $446.32 $171,777.19
158 Feb 28, 2034 $1,438.29 $994.53 $443.76 $170,782.66
159 Mar 31, 2034 $1,438.29 $997.10 $441.19 $169,785.56
160 Apr 30, 2034 $1,438.29 $999.68 $438.61 $168,785.88
161 May 31, 2034 $1,438.29 $1,002.26 $436.03 $167,783.62
162 Jun 30, 2034 $1,438.29 $1,004.85 $433.44 $166,778.77
163 Jul 31, 2034 $1,438.29 $1,007.44 $430.85 $165,771.33
164 Aug 31, 2034 $1,438.29 $1,010.05 $428.24 $164,761.28
165 Sep 30, 2034 $1,438.29 $1,012.66 $425.63 $163,748.62
166 Oct 31, 2034 $1,438.29 $1,015.27 $423.02 $162,733.35
167 Nov 30, 2034 $1,438.29 $1,017.90 $420.39 $161,715.45
168 Dec 31, 2034 $1,438.29 $1,020.53 $417.76 $160,694.92
Year 2034 $17,259.48 $12,074.24 $5,185.24 $160,694.92
169 Jan 31, 2035 $1,438.29 $1,023.16 $415.13 $159,671.76
170 Feb 28, 2035 $1,438.29 $1,025.80 $412.49 $158,645.96
171 Mar 31, 2035 $1,438.29 $1,028.45 $409.84 $157,617.51
172 Apr 30, 2035 $1,438.29 $1,031.11 $407.18 $156,586.40
173 May 31, 2035 $1,438.29 $1,033.78 $404.51 $155,552.62
174 Jun 30, 2035 $1,438.29 $1,036.45 $401.84 $154,516.17
175 Jul 31, 2035 $1,438.29 $1,039.12 $399.17 $153,477.05
176 Aug 31, 2035 $1,438.29 $1,041.81 $396.48 $152,435.24
177 Sep 30, 2035 $1,438.29 $1,044.50 $393.79 $151,390.74
178 Oct 31, 2035 $1,438.29 $1,047.20 $391.09 $150,343.54
179 Nov 30, 2035 $1,438.29 $1,049.90 $388.39 $149,293.64
180 Dec 31, 2035 $1,438.29 $1,052.61 $385.68 $148,241.03
Year 2035 $17,259.48 $12,453.89 $4,805.59 $148,241.03
181 Jan 31, 2036 $1,438.29 $1,055.33 $382.96 $147,185.70
182 Feb 28, 2036 $1,438.29 $1,058.06 $380.23 $146,127.64
183 Mar 31, 2036 $1,438.29 $1,060.79 $377.50 $145,066.85
184 Apr 30, 2036 $1,438.29 $1,063.53 $374.76 $144,003.32
185 May 31, 2036 $1,438.29 $1,066.28 $372.01 $142,937.04
186 Jun 30, 2036 $1,438.29 $1,069.04 $369.25 $141,868.00
187 Jul 31, 2036 $1,438.29 $1,071.80 $366.49 $140,796.20
188 Aug 31, 2036 $1,438.29 $1,074.57 $363.72 $139,721.63
189 Sep 30, 2036 $1,438.29 $1,077.34 $360.95 $138,644.29
190 Oct 31, 2036 $1,438.29 $1,080.13 $358.16 $137,564.16
191 Nov 30, 2036 $1,438.29 $1,082.92 $355.37 $136,481.24
192 Dec 31, 2036 $1,438.29 $1,085.71 $352.58 $135,395.53
Year 2036 $17,259.48 $12,845.50 $4,413.98 $135,395.53
193 Jan 31, 2037 $1,438.29 $1,088.52 $349.77 $134,307.01
194 Feb 28, 2037 $1,438.29 $1,091.33 $346.96 $133,215.68
195 Mar 31, 2037 $1,438.29 $1,094.15 $344.14 $132,121.53
196 Apr 30, 2037 $1,438.29 $1,096.98 $341.31 $131,024.55
197 May 31, 2037 $1,438.29 $1,099.81 $338.48 $129,924.74
198 Jun 30, 2037 $1,438.29 $1,102.65 $335.64 $128,822.09
199 Jul 31, 2037 $1,438.29 $1,105.50 $332.79 $127,716.59
200 Aug 31, 2037 $1,438.29 $1,108.36 $329.93 $126,608.23
201 Sep 30, 2037 $1,438.29 $1,111.22 $327.07 $125,497.01
202 Oct 31, 2037 $1,438.29 $1,114.09 $324.20 $124,382.92
203 Nov 30, 2037 $1,438.29 $1,116.97 $321.32 $123,265.95
204 Dec 31, 2037 $1,438.29 $1,119.85 $318.44 $122,146.10
Year 2037 $17,259.48 $13,249.43 $4,010.05 $122,146.10
205 Jan 31, 2038 $1,438.29 $1,122.75 $315.54 $121,023.35
206 Feb 28, 2038 $1,438.29 $1,125.65 $312.64 $119,897.70
207 Mar 31, 2038 $1,438.29 $1,128.55 $309.74 $118,769.15
208 Apr 30, 2038 $1,438.29 $1,131.47 $306.82 $117,637.68
209 May 31, 2038 $1,438.29 $1,134.39 $303.90 $116,503.29
210 Jun 30, 2038 $1,438.29 $1,137.32 $300.97 $115,365.97
211 Jul 31, 2038 $1,438.29 $1,140.26 $298.03 $114,225.71
212 Aug 31, 2038 $1,438.29 $1,143.21 $295.08 $113,082.50
213 Sep 30, 2038 $1,438.29 $1,146.16 $292.13 $111,936.34
214 Oct 31, 2038 $1,438.29 $1,149.12 $289.17 $110,787.22
215 Nov 30, 2038 $1,438.29 $1,152.09 $286.20 $109,635.13
216 Dec 31, 2038 $1,438.29 $1,155.07 $283.22 $108,480.06
Year 2038 $17,259.48 $13,666.04 $3,593.44 $108,480.06
217 Jan 31, 2039 $1,438.29 $1,158.05 $280.24 $107,322.01
218 Feb 28, 2039 $1,438.29 $1,161.04 $277.25 $106,160.97
219 Mar 31, 2039 $1,438.29 $1,164.04 $274.25 $104,996.93
220 Apr 30, 2039 $1,438.29 $1,167.05 $271.24 $103,829.88
221 May 31, 2039 $1,438.29 $1,170.06 $268.23 $102,659.82
222 Jun 30, 2039 $1,438.29 $1,173.09 $265.20 $101,486.73
223 Jul 31, 2039 $1,438.29 $1,176.12 $262.17 $100,310.61
224 Aug 31, 2039 $1,438.29 $1,179.15 $259.14 $99,131.46
225 Sep 30, 2039 $1,438.29 $1,182.20 $256.09 $97,949.26
226 Oct 31, 2039 $1,438.29 $1,185.25 $253.04 $96,764.01
227 Nov 30, 2039 $1,438.29 $1,188.32 $249.97 $95,575.69
228 Dec 31, 2039 $1,438.29 $1,191.39 $246.90 $94,384.30
Year 2039 $17,259.48 $14,095.76 $3,163.72 $94,384.30
229 Jan 31, 2040 $1,438.29 $1,194.46 $243.83 $93,189.84
230 Feb 28, 2040 $1,438.29 $1,197.55 $240.74 $91,992.29
231 Mar 31, 2040 $1,438.29 $1,200.64 $237.65 $90,791.65
232 Apr 30, 2040 $1,438.29 $1,203.74 $234.55 $89,587.91
233 May 31, 2040 $1,438.29 $1,206.85 $231.44 $88,381.06
234 Jun 30, 2040 $1,438.29 $1,209.97 $228.32 $87,171.09
235 Jul 31, 2040 $1,438.29 $1,213.10 $225.19 $85,957.99
236 Aug 31, 2040 $1,438.29 $1,216.23 $222.06 $84,741.76
237 Sep 30, 2040 $1,438.29 $1,219.37 $218.92 $83,522.39
238 Oct 31, 2040 $1,438.29 $1,222.52 $215.77 $82,299.87
239 Nov 30, 2040 $1,438.29 $1,225.68 $212.61 $81,074.19
240 Dec 31, 2040 $1,438.29 $1,228.85 $209.44 $79,845.34
Year 2040 $17,259.48 $14,538.96 $2,720.52 $79,845.34
241 Jan 31, 2041 $1,438.29 $1,232.02 $206.27 $78,613.32
242 Feb 28, 2041 $1,438.29 $1,235.21 $203.08 $77,378.11
243 Mar 31, 2041 $1,438.29 $1,238.40 $199.89 $76,139.71
244 Apr 30, 2041 $1,438.29 $1,241.60 $196.69 $74,898.11
245 May 31, 2041 $1,438.29 $1,244.80 $193.49 $73,653.31
246 Jun 30, 2041 $1,438.29 $1,248.02 $190.27 $72,405.29
247 Jul 31, 2041 $1,438.29 $1,251.24 $187.05 $71,154.05
248 Aug 31, 2041 $1,438.29 $1,254.48 $183.81 $69,899.57
249 Sep 30, 2041 $1,438.29 $1,257.72 $180.57 $68,641.85
250 Oct 31, 2041 $1,438.29 $1,260.97 $177.32 $67,380.88
251 Nov 30, 2041 $1,438.29 $1,264.22 $174.07 $66,116.66
252 Dec 31, 2041 $1,438.29 $1,267.49 $170.80 $64,849.17
Year 2041 $17,259.48 $14,996.17 $2,263.31 $64,849.17
253 Jan 31, 2042 $1,438.29 $1,270.76 $167.53 $63,578.41
254 Feb 28, 2042 $1,438.29 $1,274.05 $164.24 $62,304.36
255 Mar 31, 2042 $1,438.29 $1,277.34 $160.95 $61,027.02
256 Apr 30, 2042 $1,438.29 $1,280.64 $157.65 $59,746.38
257 May 31, 2042 $1,438.29 $1,283.95 $154.34 $58,462.43
258 Jun 30, 2042 $1,438.29 $1,287.26 $151.03 $57,175.17
259 Jul 31, 2042 $1,438.29 $1,290.59 $147.70 $55,884.58
260 Aug 31, 2042 $1,438.29 $1,293.92 $144.37 $54,590.66
261 Sep 30, 2042 $1,438.29 $1,297.26 $141.03 $53,293.40
262 Oct 31, 2042 $1,438.29 $1,300.62 $137.67 $51,992.78
263 Nov 30, 2042 $1,438.29 $1,303.98 $134.31 $50,688.80
264 Dec 31, 2042 $1,438.29 $1,307.34 $130.95 $49,381.46
Year 2042 $17,259.48 $15,467.71 $1,791.77 $49,381.46
265 Jan 31, 2043 $1,438.29 $1,310.72 $127.57 $48,070.74
266 Feb 28, 2043 $1,438.29 $1,314.11 $124.18 $46,756.63
267 Mar 31, 2043 $1,438.29 $1,317.50 $120.79 $45,439.13
268 Apr 30, 2043 $1,438.29 $1,320.91 $117.38 $44,118.22
269 May 31, 2043 $1,438.29 $1,324.32 $113.97 $42,793.90
270 Jun 30, 2043 $1,438.29 $1,327.74 $110.55 $41,466.16
271 Jul 31, 2043 $1,438.29 $1,331.17 $107.12 $40,134.99
272 Aug 31, 2043 $1,438.29 $1,334.61 $103.68 $38,800.38
273 Sep 30, 2043 $1,438.29 $1,338.06 $100.23 $37,462.32
274 Oct 31, 2043 $1,438.29 $1,341.51 $96.78 $36,120.81
275 Nov 30, 2043 $1,438.29 $1,344.98 $93.31 $34,775.83
276 Dec 31, 2043 $1,438.29 $1,348.45 $89.84 $33,427.38
Year 2043 $17,259.48 $15,954.08 $1,305.40 $33,427.38
277 Jan 31, 2044 $1,438.29 $1,351.94 $86.35 $32,075.44
278 Feb 28, 2044 $1,438.29 $1,355.43 $82.86 $30,720.01
279 Mar 31, 2044 $1,438.29 $1,358.93 $79.36 $29,361.08
280 Apr 30, 2044 $1,438.29 $1,362.44 $75.85 $27,998.64
281 May 31, 2044 $1,438.29 $1,365.96 $72.33 $26,632.68
282 Jun 30, 2044 $1,438.29 $1,369.49 $68.80 $25,263.19
283 Jul 31, 2044 $1,438.29 $1,373.03 $65.26 $23,890.16
284 Aug 31, 2044 $1,438.29 $1,376.57 $61.72 $22,513.59
285 Sep 30, 2044 $1,438.29 $1,380.13 $58.16 $21,133.46
286 Oct 31, 2044 $1,438.29 $1,383.70 $54.59 $19,749.76
287 Nov 30, 2044 $1,438.29 $1,387.27 $51.02 $18,362.49
288 Dec 31, 2044 $1,438.29 $1,390.85 $47.44 $16,971.64
Year 2044 $17,259.48 $16,455.74 $803.74 $16,971.64
289 Jan 31, 2045 $1,438.29 $1,394.45 $43.84 $15,577.19
290 Feb 28, 2045 $1,438.29 $1,398.05 $40.24 $14,179.14
291 Mar 31, 2045 $1,438.29 $1,401.66 $36.63 $12,777.48
292 Apr 30, 2045 $1,438.29 $1,405.28 $33.01 $11,372.20
293 May 31, 2045 $1,438.29 $1,408.91 $29.38 $9,963.29
294 Jun 30, 2045 $1,438.29 $1,412.55 $25.74 $8,550.74
295 Jul 31, 2045 $1,438.29 $1,416.20 $22.09 $7,134.54
296 Aug 31, 2045 $1,438.29 $1,419.86 $18.43 $5,714.68
297 Sep 30, 2045 $1,438.29 $1,423.53 $14.76 $4,291.15
298 Oct 31, 2045 $1,438.29 $1,427.20 $11.09 $2,863.95
299 Nov 30, 2045 $1,438.29 $1,430.89 $7.40 $1,433.06
300 Dec 31, 2045 $1,436.76 $1,433.06 $3.70 $0.00
Year 2045 $17,257.95 $16,971.64 $286.31 $0.00

To Sum It All Up

A 25-year fixed mortgage cuts 5 years of interest charges compared to a 30-year term. Though it requires a slightly higher payment, it is not as expensive as a 15-year fixed loan . Twenty-five year fixed mortgages also have a slightly lower interest rate compared to a 30-year loan.

However, this is not a very popular type of loan in the U.S. You might have a hard time looking for a lender that offers 25-year terms. Most buyers prefer taking a shorter loan or refinancing. Furthermore, homeowners have the option to make extra payments to shave off a couple of years from their 30-year loan.

Though 25-year loans are not common, it’s still worth obtaining a shorter term. You’ll save thousands of dollars worth of interest charges while paying your mortgage 5 years earlier.