Mortgage Comparison Calculator
Compare two mortgage options for the same amount, such as a 15-year and a 30-year, to see the payment and total cost of each.
- Free
- No sign-up
Enter the amount and both options to compare the mortgages.
Worked example
With these example inputs:
- Mortgage amount$300,000
- Option A rate6.5%
- Option A term30 yr
- Option B rate6%
- Option B term15 yr
Total cost difference: $226,951
- Option A payment$1,896
- Option A total$682,633
- Option B payment$2,532
- Option B total$455,683
Frequently asked questions
Is a 15-year always cheaper than a 30-year?
A 15-year usually has a lower rate and far less total interest, but a much higher monthly payment. Compare both to see the trade-off for your budget.
What does the difference show?
The headline is the gap in total cost between the two options. The metrics show each option's monthly payment and its total paid over the term.