Side by side
| 15-Year Mortgage | 30-Year Mortgage | |
|---|---|---|
| Monthly payment | Higher | Lower |
| Rate | Usually lower | Usually higher |
| Total interest | Much lower | Much higher |
Figures are typical market ranges as of October 2026. Actual terms depend on the lender, your credit, the property and the program, and are confirmed on your Loan Estimate or term sheet.
Explore each option
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