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20 vs. 30 Year Mortgage Comparison Calculator

Which is better: 20 or 30 year loan term?

Deciding between two long-term loan options? Calculating monthly payments prior selecting your loan term can help make your decision easier.

The below calculator shows a side-by-side view of your potential monthly payments for 20-year and 30-year loan terms. Remember: The shorter term requires larger monthly payments; however, a shorter loan term results in less interest paid over time and a quicker payoff.


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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.