137 Calculators:

  • Mortgage Calculators

  • Home Equity Calculators

  • Auto Loan Calculators

  • CD/Investment Calculators

  • Debt/Credit Calculators

  • Student Calculators

  • Personal Finance Calculators

  • Tax Calculators

  • Retirement Calculators

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Mortgage comparison: 15 years vs 30 years

This calculator will allow you to compare the monthly mortgage payments of a 15-year fixed to a 30-year fixed term mortgage. The fixed rate payments will be based on a fully amortized principal and interest payment over a 15-year period and a 30-year period. You can also calculate and compare the total amount of interest that you will pay with each type of mortgage.

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    For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

Mortgage comparison: 15 years vs 30 years Overview

The two most popular fixed-rate mortgages are the 15-year fixed and the 30-year fixed rate mortgages. There are pros and cons to choosing each type of mortgage and it really boils down to your own personal financial situation. A 15-year mortgage you will allow you to pay significantly less interest in the long run but it will also require higher monthly mortgage payments. A 30-year fixed mortgage with require lower monthly mortgage payments but you will end up paying more interest in the long run.