15 vs. 30 Year Mortgage Calculator
Compare a 15-year and 30-year mortgage side by side — monthly payment, total interest, and long-term cost.
15-Year Mortgage
$3,186
/month
30-Year Mortgage
$2,456
/month
15-Year Pros
- Saves $310,679 in interest
- Builds equity twice as fast
- Lower interest rate
30-Year Pros
- Lower monthly payment ($-730 less/mo)
- More cash flow flexibility
- Easier to qualify for larger loan
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