⚖️ 15 vs 30 Year Mortgage Calculator
Compare 15-year and 30-year mortgage options side-by-side to determine the best loan term for your situation
🏠 Mortgage Calculator
Calculate your monthly mortgage payment including principal, interest, taxes, and insurance
🏠 Mortgage Tips
- • A 20% down payment helps you avoid PMI
- • Consider 15-year loans for lower total interest costs
- • Shop around with multiple lenders for the best rates
- • Factor in closing costs (typically 2-5% of loan amount)
- • Get pre-approved to strengthen your offer
- • Consider property taxes and insurance in your budget
How to Use
1. Enter loan amount and interest rates for both terms
2. Compare monthly payment differences
3. Analyze total interest cost savings
4. Review cash flow impact
5. Consider opportunity cost of higher payments
6. Make informed decision based on your financial goals
Features
✓ Side-by-side payment comparison
✓ Total interest savings analysis
✓ Cash flow impact assessment
✓ Break-even analysis
✓ Opportunity cost calculations
✓ Personalized recommendation engine