First Federal Bank of Kansas City has been helping home buyers since 1934.

Conventional Fixed-Rate Mortgages

30 Year Fixed-Rate Mortgage

The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly principal and interest payments that never change. Down payments typically range from 5 to 20 percent.

This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

The minimum down payment for a conventional fixed rate mortgage at First Federal Bank is only 5%, so it's a great option for First Time Home Buyers, too!

Get conventional mortgage rates online from First Federal Bank of Kansas City

15 Year Fixed-Rate Mortgage

This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate—and you'll own your home twice as fast.

The disadvantage is you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates usually isn't very large.

Get conventional mortgage rates online from First Federal Bank of Kansas City

P.O. Box 419194
Kansas City, MO 64141-6194
Phone (816) 241-7800  |  Bank / ABA Routing Number: 301071592

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