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15-Year vs 30-Year Calculator

Compare a 15-year and 30-year mortgage side by side — payment, interest, equity, and break-even.

15-year rates are typically 0.5–0.75% lower than 30-year.

30-Year Fixed

$2,212/mo

at 6.500%

Total interest: $446,406

15-Year Fixed

$2,930/mo

at 5.875%

Total interest: $177,385

The 15-year costs $718 more per month, but you save $269,021 in total interest and own the home outright 15 years sooner.

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Calculator results are estimates for planning, not a loan approval, commitment, rate lock, or Loan Estimate.