Compare 20-year fixed mortgage rates

A 20-year fixed-rate mortgage is a home loan that can be paid off in 20 years. Find and compare current 20-year fixed mortgage rates from lenders in your area.

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INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

About These Rates: The lenders whose rates appear on this table are NerdWallet’s advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender’s site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner’s assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

How to shop for current 20-year mortgage rates

NerdWallet’s mortgage rate tool can help you find competitive 20-year fixed mortgage rates. In the "Refine results" section, enter a few details about the loan you’re looking for, and you’ll get a personalized rate quote in minutes, without providing any personal information. From there, you can start the process to get preapproved for your home loan. It’s that easy.

What is a 20-year fixed-rate mortgage?

A 20-year fixed-rate mortgage maintains the same interest rate and monthly payment (excluding changes in taxes and insurance) over the 20-year loan period. The 20-year fixed-rate mortgage allows the borrower to pay off the mortgage faster and typically has a low interest rate when compared to common 30-year fixed-rate mortgages. But monthly payments are usually higher than with 30-year fixed-rate mortgages.

When should you consider a 20-year fixed-rate mortgage?

With lower interest rates and a shorter payoff period than a 30-year fixed-rate mortgage, and lower monthly payments than a 15-year fixed-rate mortgage, the 20-year fixed rate hits the sweet spot for some borrowers. It also offers stability and peace of mind because the monthly payment won’t change because of inflation or market interest rates.

Learn more about fixed-rate loans: