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Compare 15 and 30 Year Mortgages

What will your payment be?

Purchase Price
$
Down Payment
$
15 Year Interest Rate
%
30 Year Interest Rate
%
(results appear below)
Sometimes, by paying only a little more each month, you can pay off your home loan in 15 years instead of 30. In addition to owning your home sooner, you will acculate principal more quickly and save on interest.

This calculator will show the difference in your mortgage payments between a 15-year and a 30-year mortgage.

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