15 years vs. 30 years : You chose the time period, and see how much closer you are to paying off your home with a lesser year mortgage vs a 30 year term. Calculate the difference in your monthly payment if you refinance down to 15 years.

Mortgage Loan Amount : Compare Balance after number of months :  LOAN 1 Interest Rate Length of Loan in Years  LOAN 2 Interest Rate Length of Loan in Years Monthly Payment Remaining Balance Monthly Payment Remaining Balance : Equity built with lesser year mortgage :    Close this calculator and reopen to reset the results