20 vs. 30-Year Mortgage
Compare monthly payments and total interest between 20-year and 30-year mortgage terms.
Loan Details
$
%
20-Year Mortgage
Monthly Payment$2,236.72
Total Interest$236,812.66
Total Payment$536,812.66
30-Year Mortgage
Monthly Payment$1,896.20
Total Interest$382,633.47
Total Payment$682,633.47
Comparison
Monthly Payment Difference$340.52
Interest Savings (20-Year)$145,820.81