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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Can you swing the difference in payments?  On 1 income?

If yes, go for it.  At somepoint it is not a pure financial decision around where can you get the best return.

There is a cash flow perspective of what addedd stress will it put you under in the short term - and what will it mean not to have a payment in the long term.

We went around and around with this a year ago - locked in a 15 YR just over 3% and are thrilled with our choice.

We will own our home when our 2nd starts college.  This cash flow will mean a lot b/c I do not expect that we will get aid (other than merit).[/quote]

If we decided to the 15 years, it will be kind of tight, but we have some saving back it up just in case. I just want to have a clear picture of how much more interest I will have to pay if we decided to go with the 30 years even though we will be paying it off less than 30.

By what you are saying, I think 15 is better i guess. Anybody else?[/quote]

Its a simple comparison on any mortgage calculator out there:
http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx

Just plug in your numbers, and compare.
[/quote]

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