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Welcome > Resources > Mortgage Calculators > 15 vs. 30 Year Mortgages ...

The Best Mortgage Calculators On the Web!

Please try our Java loan and mortgage calculators. They take a minute to load, but they are worth it!

Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules.

The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more.

Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you...

15 vs. 30 Yr Mortgages

Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.

This Financial Calculator requires a Browser with Java Support

Definitions

Mortgage amount: Original or expected balance for your mortgage.
Interest rate: Annual interest rate for your mortgage. Interest rates are generally lower for shorter term mortgages.
Marginal tax rate: This is your combined state and federal tax rate. This is used to calculate your potential income tax savings by deducting your mortgage interest.
Monthly payment: Monthly principal and interest payment (PI). Both 30 year and 15 year mortgages are shown.
Total payments: Total of all monthly payments over the full term of the mortgage. Both 30 year and 15 year mortgages are shown.
Total interest: Total of all interest paid over the full term of the mortgage. Both 30 year and 15 year mortgages are shown.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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Agency >A Full Service Professional

Home sellers may be lured by the promises of agents that offer to list and sell your home for a discount commission. But consider the advantages of using a full service broker who will represent your best interests in the transaction without cutting corners.

A full service real estate broker will be informed about the current trends in your local market. He or she will share valuable information about the selling price of comparable properties, to help you determine a realistic price for your home. If your home needs repair prior to listing, a reputable local contractor will be recommended. Buyers will be pre-qualified and personally escorted through your home. After showing your house, your broker will give you feedback from buyers and agents, negotiate the price and terms of the purchase contract when an offer comes in, schedule the home inspection and coordinate the closing.

You may not receive adequate professional or personal attention if the agent feels they owe you less because you are paying them less. It is to your advantage to engage the full services of a real estate broker who will give 100 percent to guide you through the complex process of selling your home.

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Q	What famous American monument is also the world's heaviest statue?
A	The Statue of Liberty, officially named "Liberty Lighting the World", weighs 54.31 million pounds.
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Karen Richards Group, REALTOR®, real estate agent and broker for Frisco, Plano and North Dallas, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Karen Richards Group
RE/MAX Premier Properties
5501 Independence Ste105
Plano,TX 75023
Voice Mail: 972-739-5288
V Fax: 972-739-5288
Direct: 214-403-0207
General Requests: karenrichards@NUMBER1EXPERT.com
Remax e-mail: KRichards@remax.net
My Personal Mission as your professional real estate advisor, is to focus on your satisfaction. My business is all about service and I am not happy until you are happy. My years in the business have provided me the experience to assist you with nearly every real estate need. Whether it's finding you a home, finding the best loan, or helping you to get the most out of selling your home, I am here to guide you. If there is anything you need, please let me know. International R.E. Specialist- Certified Luxury Home Marketing Specialist (CLHMS)- Real Estate Cyberspace Specialist (RECS)- National Association of Realtors- Certified Residential Specialist (CRS)- Graduate Realtor Institute (GRI- Accredited Buyer’s Representative (ABR)-Accredited Staging Professional (ASP)- Certified New Home Specialist (CNHS)- Residential Construction Certified (RCC)- Member Children’s Miracle Network- Platinum Club RE/MAX National

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