wɪð ɐ fˈɪkst ɹˈeɪt mˈɔːɹɡɪdʒ, ðə bˈɑːɹoʊɚɹ ɐɡɹˈiːz tə pˈeɪ ˈɔf ðə lˈoʊn kəmplˈiːtli æt ðɪ ˈɛnd ʌvðə lˈoʊnz tˈɜːm, sˌoʊ ðɪ ɐmˈaʊnt ˈoʊd æt mˈʌnθ ˈɛn mˈʌst biː zˈiəɹoʊ.
With a fixed rate mortgage, the borrower agrees to pay off the loan completely at the end of the loan's term, so the amount owed at month N must be zero.