12 June 20267 min readMortgages

15-Year vs 30-Year Mortgage: Which Is Better?

Shorter terms mean higher monthly payments but far less interest overall. Here is how to weigh a 15-year against a 30-year mortgage and decide which fits your budget and goals.

By CalcHub Editorial Team

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The core trade-off: monthly payment vs total interest

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When a 15-year mortgage makes sense

You can comfortably afford the higher payment

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You want to be debt-free sooner

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When a 30-year mortgage makes sense

You value lower, more flexible payments

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You plan to invest the difference

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Key takeaways

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