Compare a 15-year fixed mortgage: higher payments, far less interest. Free calculator with amortization table.
| Loan | Rate | Term | Monthly | Total interest |
|---|---|---|---|---|
| $300,000 | 6% | 15y | $2,531.57 | $155,682.69 |
| $300,000 | 6.5% | 15y | $2,613.32 | $170,397.98 |
| $300,000 | 7% | 15y | $2,696.48 | $185,367.27 |