Mortgage Comparison Calculator: 15 Years vs. 30 Years

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Pay less over the long haul. Or take some strain off your monthly budget.

Texans have a lot of choices when they apply for a mortgage. The most common is whether to finance a DATCU home loan for 15 or 30 years. The shorter period means you'll pay considerably less in interest charges over the life of the loan. The 30-year loan provides for lower monthly payments. When you're using this calculator to figure out what works best for you, it's important to remember that interest payments are tax deductible for most people.