Mortgage Comparison: 15 Year Fixed vs. 30 Year Fixed

This calculator helps prospective borrowers compare a 15 Year Fixed-Rate Mortgage to a 30 Year Fixed-Rate Mortgage, including the monthly payment amount, remaining principle balance, total interest paid, and potential tax implications.* Just enter your mortgage information in the fields below, then click the "View Report" button for a summary.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax 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 qualified professionals regarding all personal finance issues.