All agents are NOT alike! Find out why we are top real estate experts. Call us: 405-590-3089.

Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >

"EXPERIENCED REALTOR"
"USE AN EXPERIENCED REALTOR TO HELP YOU FIND YOUR PERFECT HOME"
J Trendle
Read Quote >
View All Quotes >

Compare three mortgages at one time. Download TripleCalc now. It's free.

Find Out More >
Download Now >

The Shepherd Team is one of The Top Selling Real Estate Experts™
Find Out More >

See the nation's top rated reports for Schools in Edmond, Deer Creek and Oklahoma City >

U1st Financial
Pay your mortgage off early without upsetting your budget
Find Out More >
View All Affiliates >

Welcome > Resources > Mortgage Calculators > 15 vs. 30 Year Mortgages ...

The Best Mortgage Calculators On the Web!

Please try our Java loan and mortgage calculators. They take a minute to load, but they are worth it!

Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules.

The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more.

Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you...

15 vs. 30 Yr Mortgages

Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.

This Financial Calculator requires a Browser with Java Support

Definitions

Mortgage amount: Original or expected balance for your mortgage.
Interest rate: Annual interest rate for your mortgage. Interest rates are generally lower for shorter term mortgages.
Marginal tax rate: This is your combined state and federal tax rate. This is used to calculate your potential income tax savings by deducting your mortgage interest.
Monthly payment: Monthly principal and interest payment (PI). Both 30 year and 15 year mortgages are shown.
Total payments: Total of all monthly payments over the full term of the mortgage. Both 30 year and 15 year mortgages are shown.
Total interest: Total of all interest paid over the full term of the mortgage. Both 30 year and 15 year mortgages are shown.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

School Reports in Edmond, Deer Creek and Oklahoma City, Oklahoma

"A model of how the Internet can facilitate the process of deciding where to send your children to school"
- America's Best School Profiles by
The Heritage Foundation

Oklahoma Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.

Schools in Edmond, Deer Creek and Oklahoma City

First Time Buyers >The Rewards of Home Ownership

People buy a home for a lot of different reasons. They may want to put down roots in a community and create a sense of stability in their lives. Then there are the financial considerations and the "forced" savings that builds up in the form of equity. In addition, the monthly cost of owning a house is usually much more stable and predictable than renting.

If you are considering the possibility of purchasing a home, contact a knowledgeable real estate agent in your community. An important part of our job is to educate prospective buyers about the potential benefits and responsibilities of renting versus owning a home. We can help you determine your purchasing power and show you the best homes in your price range. We can also give you a side-by-side comparison of the costs of owning a home compared with what you pay for rent. When you fix up your home to suit your needs and taste, you benefit from the added value of the improvements instead of the landlord!

	See All Tips In The "First Time Buyers" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q	Where is the world's largest wine cellar, and how big is it?
A	A company in the center of the wine-growing district of South Africa has a cellar that covers an area of 54 acres and has a capacity of 27 million gallons.
See More Real Estate Trivia >

The Shepherd Team, REALTOR®, real estate agent and broker for Edmond, Deer Creek and Oklahoma City, Oklahoma home listings, property and land for sale - NUMBER1EXPERT(tm)

Steve Shepherd
Metro Brokers of Oklahoma
1512 Deason Drive
Edmond, OK 73013
Cell Phone: 405-590-3089
Fax: 405-330-6200
steve@teamshepherd.com
When you need a Realtor to help you find the perfect home to buy or help you sell your home for the most money in the least amount of time, Go No Further. Our goal is to help you achieve your real estate goals as if you were family. Give us a call, we are here to serve you.

www.TeamShepherd.com is brought to you by The Shepherd Team
NUMBER1EXPERT™ in real estate for Edmond, Deer Creek and Oklahoma City, Oklahoma

Read The Shepherd Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge