๐Ÿ  15-Year Fixed Mortgage Calculator

Calculate monthly payments and interest savings for a 15-year fixed-rate mortgage with complete amortization schedule

๐Ÿ  Mortgage Calculator

Calculate your monthly mortgage payment including principal, interest, taxes, and insurance

๐Ÿ  Mortgage Tips

  • โ€ข A 20% down payment helps you avoid PMI
  • โ€ข Consider 15-year loans for lower total interest costs
  • โ€ข Shop around with multiple lenders for the best rates
  • โ€ข Factor in closing costs (typically 2-5% of loan amount)
  • โ€ข Get pre-approved to strengthen your offer
  • โ€ข Consider property taxes and insurance in your budget

How to Use

1. Enter the loan amount or home price

2. Input your down payment amount

3. Set the 15-year fixed interest rate

4. Add property taxes and insurance

5. Compare with 30-year mortgage options

6. Review total interest savings over loan term

Features

โœ“ 15-year fixed-rate payment calculation

โœ“ Complete 180-payment amortization schedule

โœ“ Interest savings vs 30-year mortgage

โœ“ Faster equity building analysis

โœ“ Monthly payment comparison tools

โœ“ Total cost of ownership breakdown