Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "15 year vs. 30 year mortgage"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]We just went with a 15 year fixed at 3.0 for a $450,000 mortgage. Over the life of the mortgage a 30 year fixed at 3.5 for the same amount with us making extra payments (to make our monthly payment the same for both) would cost us around $25,000 more in interest. The 30 year would have been paid off in just under 16 years. The pros of the 30 year would be the flexibility of having a lower req'd payment, if a change occurs. The con, of course, is the additional cost. We have pretty stable jobs and could make the payment work on either of our salaries, so we went for the 15 year. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
