Fixed-Rate Mortgages

Conventional fixed-rate mortgages offer home buyers the following benefits:

• Consistent loan payment amount
• Easy budgeting and long-term planning
• Lets borrower lock-in low rates
• Stable financing for investment property

Recommended For

Conventional fixed-rate mortgages may be right for you if you:

• Want a consistent monthly payment
• Don’t expect to relocate, refinance or move in the next few years
• Are not sure if you’ll see an income increase in the next few years

Fixed Rate Scenarios

10-year

For comparison purposes, a 10-year conventional fixed-rate mortgage of $200,000 with a 20% down payment at 3.610% APR with 0 points and a $680 origination fee would result in 120 equal payments of $1,954.38. The payments in this example reflect principal and interest. This is not a credit approval or a commitment to lend.¹

15-year

For comparison purposes, a 15-year conventional fixed-rate mortgage of $200,000 with a 20% down payment at 3.351% APR with 0 points and a $680 origination fee would result in 180 equal payments of $1,405.34. The payments in this example reflect principal and interest. This is not a credit approval or a commitment to lend.¹

20-year

For comparison purposes, a 20-year conventional fixed-rate mortgage of $200,000 with a 20% down payment at 3.945% APR with 0 points and a $680 origination fee would result in 240 equal payments of $1,185.78. The payments in this example reflect principal and interest. This is not a credit approval or a commitment to lend.¹

30-year

For comparison purposes, a 30-year conventional fixed-rate mortgage of $200,000 with a 20% down payment at 4.309% APR with 0 points and a $680 origination fee would result in 360 equal payments of $938.88. The payments in this example reflect principal and interest. APR may increase after consummation on ARM (adjustable-rate mortgage) loans. This is not a credit approval or a commitment to lend.¹

Free to all BB&T mortgage clients, BB&T OnLine^® provides 24/7 secure access to your mortgage account, along with your other BB&T accounts. With BB&T OnLine, your mortgage information is at your fingertips.

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