home-purchase / 20 Year

Pay less interest with a 20-year mortgage

With a 20-year mortgage, you can pay less interest on your loan - and potentially pay it off faster, too. These loans are great for buyers who want to leverage the benefits of lower rates and shorter terms.

Like its 30-year counterpart, a 20-year fixed-rate mortgage offers payment predictability. What you pay each month never changes and you get the added benefit of building equity fast.

20-Year Mortgage Rates

Buying a home is one of the biggest decisions a person can make. How you pay for it can have a major impact on your life in the short- and long-term. Certainly, paying off your home loan in 20 years can have its advantages, but is it the right option for you? Let’s review the ins and outs of 20-year mortgage rates, who they may be suited for and the options available to borrowers to help decide if a 20-year loan is right for you.

20-Year Mortgage Rates Pros & Cons


  • Shorter term & faster payoff than a traditional 30-year loan
  • Lower interest rate than a 30-year loan
  • Lower total cost of borrowing
  • Lender & origination fees won’t vary from other loan options


  • Higher monthly payment than 30-year loan

You Should Consider a 20-Year Loan If You…

  • Want to pay down principal quickly and build home equity faster
  • Find 30-year loan payments too low and 15-year mortgage loan payments too high
  • Want to own your home in under 30-years

Other Loan Options

Mortgages with 20-year terms may not benefit everyone. That’s why Wyndham Capital offers loan terms to fit every financial story. Whether you’re purchasing your first home, want to save as much as possible or you’re not sure what type of mortgage is right for you, we can help. Contact Wyndham Capital Mortgage today and learn the advantages a modern mortgage has to offer.