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15 years vs. 30 years
:
You chose the time period, and see how much closer you are to paying off your home with a 15 year mortgage vs a 30 year term. Calculate the difference in your monthly payment if you refinance down to 15 years.
Mortgage Loan Amount :
Compare Balance after number of months :
LOAN 1
Interest Rate
Length of Loan in Years
LOAN 2
Interest Rate
Length of Loan in Years
Monthly Payment
Remaining Balance
Monthly Payment
Remaining Balance :
Equity built with a 15 year mortgage :