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15- vs. 30-Year Mortgage

Use this calculator to compare a 15-year fixed rate mortgage with a similar 30-year fixed mortgage. Note that 15-year interest rates are typically lower than 30-year rates, so to know the rate that would likely apply to you, you should contact us.

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Note: Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide borrowing advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from a mortgage specialist.

15 Year Loans

15-Year Mortgages help borrowers pay down their mortgage quickly, save money in interest, and build equity in their home faster.

30 Year Loans

30-Year Mortgages offer borrowers consistent monthly payments and longer loan terms compared to 15-Year Mortgages.

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