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Calculate Twenty Five Year Home Loan Payments

Fixed-rate 25-year Home Loan Calculator

Description Amount
House price:
Downpayment:
Loan APR (Get Current Rates):
Term (years):
Property taxes (%):
Homeowner insurance (%):
PMI (%):
Monthly HOA fees ($):
Closing costs (if financed in loan):
All-in monthly payment:
Principal & Interest:
Taxes, Insurance, PMI & HOA:
Amount Borrowed (exclusive of closing cost):

Current Thirty Year Mortgage Rates Available Locally

Twenty-five year mortgages are common across many countries including the United Kingdom, Australia and Canada, however they are not particularly common across the United States. The above calculator is for fixed-rate mortgages. In many countries 25-year mortgages are structured as adjustable or variable rate loans which reset annually after a 2, 3, 5 or 10 year introductory period with a teaser rate.

The most common home loan term in the US is the 30-year fixed rate mortgage. The following table shows current 30-year mortgage rates in your local area. You can use the products menu to select loans of different durations.

What Loans Do Home Buyers Choose?

Across the United States 88% of home buyers finance their purchases with a mortgage. Of those people who finance a purchase, nearly 90% of them opt for a 30-year fixed rate loan. The 15-year fixed-rate mortgage is the second most popular home loan choice among Americans, with 6% of borrowers choosing a 15-year loan term.

Loan Type Percent of Borrowers Buying a Home Percent of All Home Buyers
30-year Fixed 90% 79.2%
15-year Fixed 6% 5.28%
Adjustable-rate 2% 1.76%
Other Fixed-Rate Loan Terms 2% 1.76%
Use Any Type of Financing 100% 88%
Paid Cash in Full N/A 12%

Source: Freddie Mac's 2016 home buyer statistics, published on April 17, 2017

When interest rates are low (as they were after the global recession was followed by many rounds of quantitative easing) home buyers have a strong preference for fixed-rate mortgages. When interest rates rise consumers tend to shift more toward using adjustable-rate mortgages to purchase homes.

The following table shows loan balances on a $200,000 home loan after 5, 10, 15, 20 & 25 years for loans on the same home.

Mortgage Type 25-YR FRM 30-YR FRM
Interest Rate (APR) 3.528% 3.575%
Monthly Principal & Interest $1,004.25 $906.48
Total Monthly Payment $1,508.41 $1,410.64
Loan Balance 5 Years $172,730.47 $179,624.58
Equity Built, 5 Years $77,269.53 + Appreciation $70,375.42 + Appreciation
Remaining P & I payments 240 300
Loan Balance 10 Years $140,208.65 $155,267.83
Equity Built, 10 Years $109,791.35 + Appreciation $94,732.17 + Appreciation
Remaining P & I payments 180 240
Loan Balance 15 Years $101,422.90 $126,151.61
Equity Built, 15 Years $148,577.10 + Appreciation $123,848.39 + Appreciation
Remaining P & I payments 120 180
Loan Balance 20 Years $55,166.80 $91,345.98
Equity Built, 20 Years $194,833.20 + Appreciation $158,654.02 + Appreciation
Remaining P & I payments 60 120
Loan Balance 25 Years $0 $49,739.15
Equity Built, 25 Years $250,000 + Appreciation $200,260.85 + Appreciation
Remaining P & I payments 0 60
Total Interest Expense $101,276.44 $126,334.03

Please note the above used interest rates were relevant on the day of publication, but interest rates change daily & depend both on the individual borrower as well as broader market conditions.

The above calculations presume a 20% down payment on a $250,000 home, any closing costs paid upfront, 1% homeowner's insurance & an annual property tax of 1.42%.

Historical 30-YR Mortgage Rates

The following table lists historical average annual mortgage rates for conforming 30-year mortgages. 20-year mortgages tend to be priced at roughly 0.25% to 0.5% lower than 30-year mortgages.

Year 30-YR FRM Rate 30-YR Points
2016 3.65 0.5
2015 3.85 0.6
2014 4.17 0.6
2013 3.98 0.7
2012 3.66 0.7
2011 4.45 0.7
2010 4.69 0.7
2009 5.04 0.7
2008 6.03 0.6
2007 6.34 0.4
2006 6.41 0.5
2005 5.87 0.6
2004 5.84 0.7
2003 5.83 0.6
2002 6.54 0.6
2001 6.97 0.9
2000 8.05 1
1999 7.44 1
1998 6.94 1.1
1997 7.6 1.7
1996 7.81 1.7
1995 7.93 1.8
1994 8.38 1.8
1993 7.31 1.6
1992 8.39 1.7
1991 9.25 2
1990 10.13 2.1
1989 10.32 2.1
1988 10.34 2.1
1987 10.21 2.2
1986 10.19 2.2
1985 12.43 2.5
1984 13.88 2.5
1983 13.24 2.1
1982 16.04 2.2
1981 16.63 2.1
1980 13.74 1.8
1979 11.2 1.6
1978 9.64 1.3
1977 8.85 1.1
1976 8.87 1.1
1975 9.05 1.1
1974 9.19 1.2
1973 8.04 1
1972 7.38 0.9

Source: Freddie Mac PMMS.

20% Down Payment

Home buyers who have a strong down payment are typically offered lower interest rates. Homeowners who put less than 20% down on a conventional loan also have to pay for property mortgage insurance (PMI) until the loan balance falls below 80% of the home's value. This insurance is rolled into the cost of the monthly home loan payments & helps insure the lender will be paid in the event of a borrower default. Typically about 35% of home buyers who use financing put at least 20% down.

Large Home.

Conforming Mortgage Limits

As of 2018 Congress set the conforming loan limit for single unit homes across the continental United States to $453,100, with a ceiling of 150% that amount in areas where median home values are higher. The limit is as follows for 2, 3, and 4-unit homes $580,150, $701,250, and $871,450. The limits are higher in Alaska, Hawaii, Guam & the U.S. Virgin Islands. Loans which exceed these limits are classified as jumbo loans.

Homes NOT in Designated High-cost Areas

The limits in the first row apply to all areas of Alabama, Arizona, Arkansas, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Rhode Island, South Carolina, South Dakota, Texas, Vermont, Wisconsin & most other parts of the continental United States.

The limits in the second row apply to all parts of Alaska, Guam, Virgin Islands, Washington D.C & some parts of Hawaii.

Units 1 2 3 4
Continental U.S. $453,100 $580,150 $701,250 $871,450
Alaska, Hawaii, Guam & U.S. Virgin Islands $679,650 $870,225 $1,051,875 $1,307,175

Homes in Designated High-cost Areas

The areas covered in this table are further detailed below the map in state-by-state tables.

Units 1 2 3 4
Continental U.S. $679,650 $870,225 $1,051,875 $1,307,175
Alaska, Hawaii, Guam & U.S. Virgin Islands $1,019,475 $1,305,325 $1,577,800 $1,960,750