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Which mortgage is right for me: 15-year or 30-year?

Determining which mortgage term is right for you can be a challenge. With a 15-year mortgage you'll pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.

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15 year rateHelp Icon
30 year rateHelp Icon
by year
Information and interactive calculators are made available to you as self-help tools for your independent use. We do not guarantee the accuracy of the calculations or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding personal finance issues.

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