15-Year Refi — Today's Rates
6.010%Current avg · Updated 2026-04-28
What is a 15-Year Refi?
Refinancing to a 15-year term typically offers a lower interest rate than a 30-year loan and dramatically reduces total interest paid over the life of the loan. While monthly payments are higher, you build equity faster and own your home outright in half the time. This is ideal for homeowners later in their careers with stable income.
Pros
- Lower interest rate than 30yr
- Build equity twice as fast
- Significant total interest savings
- Debt-free sooner
Cons
- Higher monthly payment
- Less monthly cash flow
- Tighter debt-to-income ratio
- Less financial flexibility
Quick Facts
Current Rate
6.010%
Min. Credit Score
620
Equity Requirement
N/A
Best For
Borrowers with higher income who want to pay off their home faster and minimize total interest
Top Lenders for 15-Year Refi
| Lender | 15-Year Refi Rate | APR | Action |
|---|---|---|---|
| 🏘PennyMac | 5.430% | 5.580% | Apply |
| 🏦AmeriSave | 5.530% | 5.680% | Apply |
| ✨Better Mortgage | 5.555% | 5.705% | Apply |
| 💎SoFi | 5.555% | 5.705% | Apply |
| 🗽Freedom Mortgage | 5.555% | 5.705% | Apply |