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15-year vs. 30-year Mortgages

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On a loan amount of $125,000, you'd save $106,194 in interest with an Equity Builder Mortgage 15-year mortgage (compared to a 30-year mortgage) based on an APR of 7.5% with 180 monthly payments of $1,159 vs. 360 payments of $874. Example assumes an 80% loan-to-value ratio, based on simple interest rate, and no fees or closing costs. Amounts may be rounded. Additional fees and closing costs apply. Loans are subject to credit approval. Flood and/or property insurance may be required. Rates and terms are subject to change.

The results provided by this calculator are intended for comparative purposes only. The accuracy of the results is not guaranteed. Any differences between these results and those provided by other lending institutions may be due to rounding or differences in mathematical formulas used.

All information you enter is confidential and private. No information is collected.
All results are calculated on your local computer.

Equal Housing Lender