If you are facing the decision whether to choose a 15-year or 30-year term mortgage, the following mortgage plan comparison calculator is for you.
This free mortgage plan comparison calculator helps you compare the monthly mortgage payment difference and total interest payment over lifetime difference. Remember, there is always a trade off between the two loan types - while you can save lifetime interest payments over a shorter term loan, your monthly payment amount will be higher.
Enter your loan amount, interest rate and term in the yellow areas and see for yourself.
This free mortgage plan comparison calculator helps you compare the monthly mortgage payment difference and total interest payment over lifetime difference. Remember, there is always a trade off between the two loan types - while you can save lifetime interest payments over a shorter term loan, your monthly payment amount will be higher.
Enter your loan amount, interest rate and term in the yellow areas and see for yourself.
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