All Tools The Jason Kaczmarski Team

30-Year vs 15-Year, Side by Side

See what a shorter term — or a little extra each month on the 30-year — does to your payoff timeline and total interest.

Your Numbers
$
%
$
30-Year Fixed
360 Payments
%
Monthly Payment (P&I)
Total Interest
Payoff Time
With Extra Toward Principal
New Monthly Payment
Paid Off In
Time Saved
Interest Saved
15-Year Fixed
180 Payments
%
Monthly Payment (P&I)
Total Interest
Payoff Time15 yrs
vs. the 30-Year
Higher Monthly Payment
Less Total Interest
Rates are pre-filled with Freddie Mac's national weekly average and are not a personalized quote. Edit either rate to match your own.
What This Means
Balance Over Time
30-Year 30-Year + Extra 15-Year