Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.
Financial calculators are provided for your personal use and self-help. Precipio Wealth Management cannot guarantee the accuracy of any calculator or its applicability to your financial circumstance. Always consult with qualified professionals for all personal financial planning and tax advice.