15-Year vs. 30-Year Mortgage Calculator
Compare monthly payments and total interest between a 15-year and 30-year mortgage. See the trade-off between a lower payment and paying less interest overall.
15-Year vs 30-Year Mortgage Calculator
30-Year
$1,970/mo
Total interest: $389,306
15-Year
$2,657/mo
Total interest: $158,316
Monthly Difference
+$687
more with 15-year
Interest Saved
$230,990
with 15-year
Equity Built
Year 5
30yr: $21,321
15yr: $77,918
Year 10
30yr: $50,439
15yr: $181,719
Year 15
30yr: $90,207
15yr: $320,000