15-Year vs 30-Year Mortgage Calculator
Higher monthly payment, but you save 60%+ on lifetime interest. Run the numbers.
Typically 0.5-0.75% lower than 30-year rates.
Winner
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15-Year Mortgage
Monthly payment$0
Total interest paid$0
Total of all payments$0
Paid off in15 years
30-Year Mortgage
Monthly payment$0
Total interest paid$0
Total of all payments$0
Paid off in30 years
Estimates only. Real rates depend on credit score, down payment, and lender. Compare APR (not just rate) when shopping. Not financial advice.
Free calculator by CalcCottage