18040 15vs30 Blog 1200x900
Updated May 30, 2024

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

Find out which loan term is right for you

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.

Ready to apply or want to learn more? Get started online or schedule an appointment with your local mortgage expert today.

Explore our Financial Literacy Hub and our blog for content that helps you make money decisions confidently.


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