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Mortgage Resource Center

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15 vs. 30 Year Mortgage Comparison Calculator

Which is better: 15 or 30 year loan term?

Both your financial situation and personal preference can come into play when deciding which route is better for you: 15- or 30-year loan terms.

Try for yourself! The below calculator to help determine your monthly payments for either a 15-or 30-year loan term. Remember: A shorter term requires larger monthly payments but results in less interest paid over time and your loan will be paid off sooner.

 

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This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, Inc. product terms. The information cannot be used by CrossCountry Mortgage, Inc. to determine a customer's eligibility for a specific product or service. All financial calculators are provided by a third-party and CrossCountry Mortgage, Inc. is not responsible for the results or the accuracy of the information.