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-   -   15 vs 30 year mortgage (http://www.thefinanceforums.com/showthread.php?t=13276)

vitamin 03-02-2018 09:31 AM

15 vs 30 year mortgage
 
Does it matter, setting interest rate aside, if a person gets a
  1. 15 year mortgage or,
  2. gets a 30 year mortgage and pays extra in principal monthly to have the loan paid on in 15 years
Ultimately, if the rate was the same and the borrower pay extra on principal monthly leading to paying off the loan in 15 years, is there a difference in the total paid? Any advantage to a 15 year loan?

Thanks,

alexfisher50 02-13-2019 06:51 PM

Re: 15 vs 30 year mortgage
 
At Intelegency com you can find 15vs30 year mortgage calculators, so try to use them

SunnyMay 02-27-2019 09:23 AM

Re: 15 vs 30 year mortgage
 
Of course, every borrower is looking for the most favorable conditions for mortgage lending. If you are planning to get a mortgage, then you must use a home loan calculator. This will help to determine the best Bank offer, calculate the amount of monthly payment and save time.


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