15-Year vs 30-Year Mortgage Calculator

Use this 15-Year vs 30-Year Mortgage Calculator to compare monthly payments, total interest, and long-term equity growth.

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15-Year vs. 30-Year Mortgage

Compare the two most popular loan terms. See how much interest you can save by choosing a 15-year term, and weigh it against the higher monthly payment.

Loan Options

Side-by-Side Analysis

The Trade-Off

Monthly Payment (30yr)—

Monthly Payment (15yr)—

Extra Monthly Cost: —

The Reward

Total Interest (30yr)—

Total Interest (15yr)—

Total Interest Saved—

You will be mortgage-free 15 years sooner with the 15-year option.

Visuals

Monthly Payment Comparison

Equity Building Speed

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