Compare Loan Terms
Same loan amount, different terms. See which one fits your budget.
15-year monthly payment
$0
30-year monthly payment
$0
15-year total interest
$0
30-year total interest
$0
Interest saved with 15yr
$0
Extra monthly cost for 15yr
$0
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Loan amount ($) | $300,000 |
| Interest rate (%) | 6.5% |
| 15-year rate adjustment (%) | -0.5% |
| Result | Value |
|---|---|
| 15-year monthly payment | $2,532 |
| 30-year monthly payment | $1,896 |
| 15-year total interest | $155,683 |
| 30-year total interest | $382,633 |
| Interest saved with 15yr | $226,951 |
| Extra monthly cost for 15yr | $635 |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Compare Loan Terms
- Loan amount ($) — default $300,000
- Interest rate (%) — default 6.5%
- 15-year rate adjustment (%) — default -0.5%
- Press Calculate to update the results instantly.