Use this mortgage cost calculator to compare mortgage payments between a 15 and 30 year fixed mortgage.
Enter your expected mortgage amount. Then, enter the interest rate for both loans. The interest rates will differ according to the length of the loan.
The calculator is designed to calculate repayment for a fixed mortgage. If you are comparing an ARM, please note that the calculation may not be accurate.
Click “calculate” to see the estimated monthly payment and the total cost of each loan.