20- vs 30-year Mortgage

20- vs 30-year Mortgage

20- vs 30-year Mortgage

Determining which mortgage term is right for you can be a challenge. With a shorter 20-year mortgage, you will pay significantly less interest than a 30-year mortgage—but only if you can afford the higher monthly payment. Use this calculator for a comparison of a 20- vs. 30-year mortgage.

For more information about these these financial calculators please visit: Dinkytown.net Financial Calculators from KJE Computer Solutions, Inc.

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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not 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.