Fixed-Rate Home
Purchase

The Benefits of a Fixed-Rate Loan from National Bank Of Kansas City

A fixed-rate loan does not “float” during the life of your home loan, which means that the interest rate will stay the same starting from your first payment and ending with your last payment. Whether you choose a 15-year fixed mortgage or a 30-year fixed mortgage from National Bank Of Kansas City, the benefits of a fixed-rate mortgage include both security and savings.

Security: Unlike an adjustable-rate mortgage, a fixed-rate mortgage will keep your principle and interest the same every month. This makes it easy to budget your money and anticipate future spending.

Savings: Fixed-rate mortgages are not influenced by inflation or fluctuating interest rates so you won’t have to pay more if interest rates rise. Regardless of what interest rates are 30 years from now, your principle and interest will still be the same.

30-Year-Fixed Mortgage, The Most Common Mortgage

Many home buyers choose a 30-year fixed mortgage from National Bank Of Kansas City over the 10, 15, 20, 25 or 40 year mortgages* we offer. The 30-year fixed mortgage is popular because it allows you to have a lower monthly payment and allows you spend less in interest over time.*

If you plan to stay in your home for many years to come, then we recommend the 30-year-fixed mortgage. But ultimately, the loan you choose will depend on your financial situation and other home ownership goals.

To learn about the home loan options National Bank Of Kansas City provides and the right home loan option for you, contact us by calling 1-800-375-8096.

* For $150,000 loan; 360 monthly payments of $809.26 are based on principal and interest only, and an annual percentage rate (APR) of 5.068%. APR is subject to borrower qualification and subject to change. Third party fees may apply.

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