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Your mortgage term will have a significant impact not only on your monthly
payments, but also on your savings. A shorter term means you'll pay less
interest and pay off your loan quicker, but will leave you less money to invest.
These are important considerations you should keep in mind when deciding which
term to accept. The calculator below assumes a fixed rate mortgage.
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Mortgage Term Comparison Calculator
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Enter the mortgage principal ($):
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Enter the expected annual interest rate (%):
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Description
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10 Years
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15 Years
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20 Years
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25 Years
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30 Years
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Monthly payment:
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Total principal:
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Total interest:
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Total payments:
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