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Old 03-02-2018, 10:31 AM
vitamin vitamin is offline
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Join Date: Mar 2018
Posts: 1
Default 15 vs 30 year mortgage

Does it matter, setting interest rate aside, if a person gets a
  1. 15 year mortgage or,
  2. gets a 30 year mortgage and pays extra in principal monthly to have the loan paid on in 15 years
Ultimately, if the rate was the same and the borrower pay extra on principal monthly leading to paying off the loan in 15 years, is there a difference in the total paid? Any advantage to a 15 year loan?

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Old 02-13-2019, 07:51 PM
alexfisher50 alexfisher50 is offline
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Join Date: Jan 2018
Posts: 11
Default Re: 15 vs 30 year mortgage

At Intelegency com you can find 15vs30 year mortgage calculators, so try to use them
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Old 02-27-2019, 10:23 AM
SunnyMay SunnyMay is offline
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Join Date: Sep 2016
Posts: 263
Default Re: 15 vs 30 year mortgage

Of course, every borrower is looking for the most favorable conditions for mortgage lending. If you are planning to get a mortgage, then you must use a home loan calculator. This will help to determine the best Bank offer, calculate the amount of monthly payment and save time.
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Old 09-23-2019, 06:38 AM
bugmenot's Avatar
bugmenot bugmenot is offline
Join Date: Jul 2010
Location: Brooklyn, NY
Posts: 50
Default Re: 15 vs 30 year mortgage

if you take a mortgage for 15 years, then you will pay less.
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