Triad Home Buying Tools

15-Year vs 30-Year Mortgage

The 15-year payment is higher — but the interest you skip is staggering. See both side by side and decide what actually fits your budget.

Price minus your down payment
$
APR
%
Usually lower
%

30-Year Fixed

Lower payment, more interest
$1,946
per month (principal & interest)
Total interest paid$400,676
Total of all payments$700,676
Paid off in30 years

15-Year Fixed

Higher payment, huge interest savings
Saves the most
$2,532
per month (principal & interest)
Total interest paid$155,683
Total of all payments$455,683
Paid off in15 years

The 15-year saves you $244,993 in interest

…but it costs $586 more per month. You’d own the home free and clear 15 years sooner.

30-yr interest15-yr interest

Not sure which fits your budget and goals? A Mantle Realty agent and our preferred lenders can run your real numbers.

Talk to a Mantle Agent → Estimate your full monthly payment →

Estimates show principal & interest only and are for planning purposes; they exclude property taxes, homeowners insurance, PMI, and HOA dues. Actual rates and terms depend on your credit, loan program, and lender. 15-year loans typically carry a lower rate but a higher monthly payment. Mantle Realty is not a mortgage lender and does not provide lending, tax, or financial advice. Not a loan commitment or guarantee of terms.