Mortgage Comparison: 15 Years vs. 30 Years

Mortgage Comparison: 15 Years vs. 30 Years

Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.


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FHA Loan

Purchase your home with only 3.5% down. Closing costs can be a gift from a relative!

FHA offers more flexibility in credit and income. No pre-payment penalties. Easier to qualify than conventional loans.
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30-Year Loan

Our most popular mortgage. Get a low payment and the security your rate won't change for the life of your loan.
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Loan Programs

30 yrs Fixed, 20 yrs Fixed,
15 yrs Fixed

7/1 arms, 5/1 arms,
3/1 arms
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