15-year vs. 30-year mortgage: Key differences

The 30-year fixed-rate mortgage is the go-to home loan for 90% of homebuyers. But that doesn’t mean it’s the best choice for them, or you. In some situations, a 15-year mortgage might be the better option. To find out which is right for you, use our mortgage calculator to compare rates and terms and estimate monthly payments. Then review the differences, questions, and considerations in our infographic below.

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