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Compare current 20-year refinance rates

On Saturday, February 15, 2025, the national average 20-year fixed refinance APR is 6.77%. The average 20-year fixed mortgage APR is 6.77%, according to ... Bankrate's latest survey of the nation's largest mortgage lenders.

20-year mortgage vs. other loan terms: Interest and payments

15-year fixed-rate mortgage 20-year fixed-rate mortgage 30-year fixed-rate mortgage
Loan principal $380,000 $380,000 $380,000
Interest rate 6.22% 6.75% 6.92%
Monthly payment $3,252 $2,889 $2,508
Total interest $205,359 $313,452 $522,796
Total payments $585,359 $693,452 $902,796

20-year mortgage refinance FAQ