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

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

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