See if a faster payoff can work for you

Traditionally, borrowers have chosen to repay their mortgages in 30 years. But a 15-year option is gaining popularity. The advantages? Home-owners can eliminate debt faster and slash overall interest charges. The downside? Bigger monthly payments. Use this calculator to compare loan lengths and see which approach appeals to you.

Information and calculators provided are tools for your use and are not intended to provide financial, investment, legal, tax or accounting 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.