It can be a challenge to determine what is the right mortgage for you. With a 15-year mortgage you'll pay much less in interest but have to make much larger monthly payments. A 30-year loan provides more manageable payments, but by doubling the repayment period, the interest tally mounts.
Mortgage calculators
Mortgage comparison: 15 years vs. 30 years
Use this calculator to determine whether a 30-year loan or a 15-year loan is the better loan for you.
