15 Year Mortgage Calculator
Calculate your 15-year mortgage payments and see how much you'll save compared to a 30-year loan.
15 Year Mortgage Calculator
Calculate monthly payments and compare to 30-year loans
Use our main calculator and select 15 years as the loan term
Go to Main Calculator15-Year Advantages
- Lower Rates: Typically 0.25-0.5% lower
- Less Interest: Save 50%+ on total interest
- Faster Equity: Build equity twice as fast
- Debt-Free Sooner: Own your home sooner
Example: $300,000 Loan at 6%
15-Year Loan
Payment: $2,531/month
Total Interest: $155,630
30-Year Loan
Payment: $1,799/month
Total Interest: $347,515
15-Year vs 30-Year Comparison
Monthly Payment
15-year mortgages have higher monthly payments (typically 40-50% more) but you'll own your home faster and pay less overall.
Total Interest
You'll save 50-60% on total interest with a 15-year loan. On a $300,000 loan, this can mean savings of $150,000-$200,000 or more.
Interest Rate
15-year mortgages typically offer 0.25-0.5% lower interest rates than 30-year loans, saving you even more money.
Calculate Your 15-Year Mortgage
Use our mortgage calculator to see your 15-year payment and compare it to a 30-year loan.
Start Calculating