Mortgage Calculator

Loan Term
Comparison Calculator

Compare a 30-year mortgage against a 25, 20, or 15-year term — see the exact monthly payment difference and total interest savings.

Shorter terms, real savings

A 30-year mortgage keeps your monthly payment low, but you pay far more interest over the life of the loan. A shorter term — 25, 20, or 15 years — builds equity faster and saves tens of thousands in interest, at the cost of a higher monthly payment. This calculator shows the exact dollar difference for any combination so you can decide what trade-off fits your budget.

Loan Term Comparison Estimate Only

Loan Amount

30-Year Rate %

Compare Against

15-Year Rate %

15-yr rates are typically 0.4–0.7% lower

30-Year Fixed

Monthly P&I $—

Total interest $—

Total paid $—

Payoff date —

15-Year Fixed

Monthly P&I $—

Total interest $—

Total paid $—

Payoff date —

30-Year — principal vs interest

15-Year — principal vs interest

Principal Interest

Comparing loan terms? Nick shops 100+ lenders to find the best rate for any term.

Apply Now → 📞 Call Nick

Estimate only. Monthly payment shown is principal and interest; excludes property tax, homeowners insurance, PMI, and HOA. Actual rate depends on credit score, loan type, and market conditions at time of application.

How to read this

Monthly P&I is principal + interest only — your actual payment also includes taxes, insurance, and HOA.
The interest savings is the most important number — it's real money that stays in your pocket with the shorter term.
Shorter-term rates are lower — 15-yr runs 0.4–0.7% below 30-yr, 20-yr about 0.2–0.4%, and 25-yr about 0.1–0.3%. The calculator auto-suggests a rate when you switch terms.

Apply 📱 Text 📞 Call

Loan TermComparison Calculator

Shorter terms, real savings

How to read this

Loan Term
Comparison Calculator