Resource Center · Calculators
Comparing Mortgage Terms
A shorter term usually means a higher payment but far less interest. Compare two terms side by side.
Your Information
$50,000$2,000,000
Scenario A
%
Scenario B
%
This calculator is for general educational purposes and produces hypothetical estimates based on the figures you enter. It is not financial, tax, legal, or investment advice and does not guarantee future results. Consult a qualified professional before making decisions.
Your Results
Scenario A — 30 yr @ 6.5%
Monthly Payment
$1,896
Total Interest
$382,633
Scenario B — 15 yr @ 6%
Monthly Payment
$2,532
Total Interest
$155,683
A shorter term raises the monthly payment but typically saves a large amount of interest over the life of the loan.
