Mortgage Term Comparison calculator

Compare 15-year vs. 30-year Mortgage Terms to Decide Which is Right for You

Mortgage term calculator

Trying to decide whether a 15-year or 30-year mortgage loan is right for you? With a 15-year mortgage loan, you’d have higher monthly payments, but you’d pay less interest. A 30-year mortgage loan would mean lower monthly payments, but you’d pay more in interest and an overall higher amount in the long run.

Our calculator helps you compare these two mortgage terms. Give it a try below, and see which term is right for your particular needs:

Mortgage comparison terms & definitions

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