15 vs. 30-Year Mortgage
Compare monthly payments and total interest between 15-year and 30-year mortgage terms.
Loan Details
$
%
15-Year Mortgage
Monthly Payment$2,613.32
Total Interest$170,397.98
Total Payment$470,397.98
30-Year Mortgage
Monthly Payment$1,896.20
Total Interest$382,633.47
Total Payment$682,633.47
Comparison
Monthly Payment Difference$717.12
Interest Savings (15-Year)$212,235.49