Free Calculator

15 vs 30 Year Mortgage

See the monthly payment and total interest side by side so you can decide which term fits your budget.

Loan Amount
$
Home price minus your down payment
15-Year Mortgage
%
Monthly Payment
$0
Principal & interest only
Total of all payments$0
Total interest paid$0
Payoff date
30-Year Mortgage
%
Monthly Payment
$0
Principal & interest only
Total of all payments$0
Total interest paid$0
Payoff date
The Difference
Monthly Difference
$0
Interest Saved with 15-Year
$0
Years Saved
15
Disclaimer: This calculator provides estimates for educational purposes only. Actual payments depend on your specific loan terms. It shows principal and interest only, not taxes, insurance or PMI. Consult a licensed mortgage lender for accurate quotes.