Compare a 15-year vs 30-year mortgage side by side and see exactly how much interest you can save with a shorter loan term. This 15 vs 30 year mortgage calculator shows the monthly payment difference, total interest paid, and how fast you build equity on each fixed-rate loan. Pair it with our monthly payment calculator, the amortization schedule, or the ARM vs fixed-rate comparison to find the best loan term for your goals.
Loan amount: $320,000
Example rate. Change it to match your quote; your APR will differ.
Example rate. Change it to match your quote; your APR will differ.
Total Interest
$475,658
Total Interest
$193,708
You could have your home paid off in half the time by paying $644 more each month, and pay $281,950 less in interest over the life of the loan. Want a similar result without resetting the term? Try our mortgage payoff calculator.
Results are estimates for illustration. Prefilled rates are examples based on national averages as of September 28, 2026, not offers. Your rate and APR depend on your credit, loan and property, and come from a Loan Estimate. Get started for a quote.
Get startedCompare how quickly you build equity
From application to closing, everything can be done online. Upload documents, track progress, and stay updated right from your phone or computer.
Every fee is listed on your Loan Estimate before you commit, so you can compare before you decide.
You will have one loan expert guiding you the entire way, from your first question all the way to closing.
We keep your file moving and tell you where it stands at each step. Timing varies by loan and property.
Find the best option for your financial goals by comparing our most popular loan options: the conventional loan, an FHA loan, or a VA loan.
Great for first-time buyers
For veterans & military
For higher-priced homes
Want a lower rate on either term? Read our breakdown of discount points explained.